Some curtailment of the scope of direct investing, and the reintroduction of fund investing, mark a fundamental shift from the past practice of an innovative Canadian institution.
The New York manager, an investor in complex and regulated sectors, said in a pension presentation it had closed and circled more than $1.7bn for Fund VI.
Meier, who oversees assets worth $272bn, believes private equity's fees are 'too high'.
Albert’s departure comes as Patient Square moves through fundraising for its second private equity pool.
‘It's the golden age of flexible capital,’ Angelo Rufino, Bain's head of North America special situations and corporate special situations in Europe, tells Buyouts.
Architect is out in the fundraising market that has been battered by slow exit activity and limited partners reluctant to extend themselves outside of their deepest relationships.
When a CV asset goes bankrupt, if the restructuring plan calls for equity to be wiped out to make sure creditors are repaid, that includes CV investors and rolling LPs.
Salon’s hire reflects BCI’s ongoing expansion as a global investor in buyout and growth equity opportunities in six core sectors – including healthcare.
The system approved a boost in its target private equity allocation up to 20%, from its current target of 13%.
While board members initially expressed enthusiasm for a “Plan A” that would increase allocation to private equity assets, concerns were brought forward regarding potential fees and liquidity constraints.