Isobel Markham
The firm kept hold of the independent wealth manager – its longest-held portfolio company to date – to take advantage of regulatory changes.
The pan-Africa fund was looking to raise $300m for the vehicle to co-invest alongside its flagship funds.
The pan-Africa firm has completed the acquisition of the former British statutory corporation following regulatory approval.
The asset manager has collected more than €100m for Unigestion Direct Opportunities 2015, which will invest in SMEs globally.
The firm is exiting its 49% stake in the online classified ads portal after less than two years.
The Paris-based firm has expanded its partnership as it continues to invest its third fund.
Read, a former CIO at CalPERS and Kuwait’s GIC, is the latest addition to the sovereign wealth fund, following the appointment of a new CEO in October.
Albert Edwards has led the Office of University Investments, which has a sizeable allocation to private equity, since May 2012.
State Senator Jeff Klein introduced a bill Wednesday to close the carried interest ‘loophole’ at the state level.
The C$90bn investment management firm’s investments delivered a 10.1% return to investors last year.