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A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.

Speaking on the firm's latest earnings call, chief executive Marc Rowan said the firm is expecting family offices to invest more than half of their assets in alternatives over the next half-decade.

'The rules overall are a step forward for the industry but there are some unique intricacies to look at regarding the transparencies we are used to,' says a member of the system’s investment staff.

The acquisition provides Wendel Group with the foundation to raise third-party capital and for IK to branch out into other strategies.

Megafunds raised between Q1-Q3 this year include vehicles by CVC Capital Partners, Apollo, Permira and Warburg Pincus.

Institutional LPs may benefit from the flexibility of evergreen products to manage target allocations more quickly than in closed-end vehicles.

EQT X has amassed €19.8bn as of 30 September and is expected to exceed its target of €20bn at final close.

Fossil fuel-based energy production is needed to support more electrification and increased transmission in the economy, Utah Retirement Systems' CIO tells the sovereign wealth fund's board.

The sovereign wealth giant has raised its allocation for the asset class to up to 15% of total assets and has a bullish outlook on secondaries and direct lending.

Growth investor gathers $17.3bn against a $16bn target for its 14th Global Growth Fund, with more than 15% of capital from high-net-wealth investors.