Not having negotiated subscription lines themselves, investors may be unaware of terms that could block sales of their interests, writes Andy Thomson, editor of sister publication Private Debt Investor.
The investment arm of the insurance giant has offered investors in the private equity firm's two latest funds the option to cash out.
The regulation will be partially effective from June, but could still face a ‘full-scale rewrite.’
Private equity performance for Canada's largest pension, which had C$59bn in the asset class at 31 March, was boosted by higher returns in the domestic and foreign developed market segments.
The $11bn pension has increased its exposure to the private equity giant's 2015-vintage BEP II.
Partners Group's Dmitriy Antropov discusses the strength of asset pricing, the best ways to source deals and the skill set required for due diligence in this third extract from The Secondaries Market.
The placement agent and advisory firm has opened an office in Florida and plans to launch in four other locations.
Montana Board of Investments sold out of the Chicago firm’s Fund IV at a premium, with an undisclosed buyer committing to Fund V.
The investment from the Swiss pension includes a commitment to the firm's timberland fund which focuses on secondaries.
The fund's purchases include stakes in two Akina Partners funds acquired with secondaries firm Newbury Partners.