Alex Lynn
SocGen’s dispute with some Abraaj LPs over an unpaid facility could have far-reaching consequences for the fund finance industry.
The move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.
Mno-Bmadsen, which reinvests gaming profits on behalf of 5,600 Pokagon citizens, plans to double its AUM by December 2019 through direct private equity.
Institutions in the US and UK made 737 commitments to the asset class between Q1 and Q3, compared with 314 during this period last year, according to eVestment data.
Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.
Raj Morjaria is a partner at LGT Lightstone, the firm's impact unit, with responsibility for overseeing new funds and investments.
Colony Capital’s acquisition of the firm’s LatAm business is the most progressed of the sales processes underway for Abraaj funds, according to documents seen by PEI.
US funds often offer a no-fault suspension of the investment period, which is relatively rare in European funds, according to a report from MJ Hudson.
The founder submitted a plan in August that included giving up carry and disposing of assets over several years, according to documents seen by PEI.
Bonny Landers previously served as head of sustainable, responsible and impact investment at London-based multi-family office Sandaire.