Annabelle Ju
John D. White of Founders Equity will chair the board of governors, succeeding Mike Blackburn.
Around $3.7 trillion in business assets are tipped to change hands in Canada between 2012 and 2022, creating a rich vein of opportunities for private equity firms.
Brendan Tyne, a managing director with private equity and real estate fund administrator Augentius, tells Private Equity International that US funds are increasingly using a European fee model as limited partners make their voice heard.
The firm has upped its four-person team with four additional new hires as it invests its debut fund that closed on $460m two months ago.
The fund received $850m from LPs and $43m from the GP and affiliates.
The LP community lost control of the fee issue over the past 10-20 years, HOOPP executives tell Private Equity International.
The transaction follows the joint acquisition by Michael Dell and Silver Lake of Dell for $24.4bn two years ago.
Jenny Nelson joins as director from Partners Group.
Blackstone bought the REIT from its Real Estate Partners VIII fund.
Teacher Retirement System of Texas re-ups, committing $400m to the fund.