The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.
The latest record fundraising figures across alternative asset classes show CIOs continue to see private investments, and not just private equity, as the most compelling in the long term.
The bank already has a five-year extension to comply with the regulation which would push it to divest private fund stakes worth $6bn.
The region priced highest among all fund types apart from venture capital and infrastructure, according to data from Setter Capital.
Strategic Partners, Committed Advisors and Willowridge Partners have picked up tail-end stakes in Apax's Europe funds VI and VII.
The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.
The deal by one of the world's biggest private equity managers could be in the 'multibillions', Secondaries Investor has learned.
Daniel Garant left the Canadian pension plan, which is planning to launch an in-house secondaries team, to pursue other career aspirations.
The €700m deal involves 48 European and UK assets in a GP-led process run by Campbell Lutyens.
The niche investment firm's MSO II fund will target a net return multiple of 2x and IRR of 25%, Secondaries Investor has learned.