Andrew Hedlund
More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.
Private equity firms launching debt arms must act very carefully to avoid conflicts of interest.
The fund would invest in senior and subordinated debt along with structured equity and non-control positions in financially troubled companies.
The retirement plan also increased its exposure to private infrastructure by 1%, while targets for real estate equity and natural resources investments stayed the same.
Landmark Partners, which had a role in the deal, financed an earlier minority investment from Reservoir Capital Partners.
The investment bank is adding capital-raising services for private funds to its product platform for the first time.
Retail blowouts are hitting the headlines, but many of the problems date from before the global financial crisis.
Shane Feeney will be responsible for the Canadian pension’s $51bn private equity portfolio overseeing direct private equity investments, funds, secondaries and co-investments.
The credit investment firm maintains the strategy has a growing market opportunity.
The energy market provided the firm with an opportunity to provide non-buyout preferred equity investments.