Frustration with fees has some family offices moving toward direct investing, says John Rompon, managing partner at McNally Capital.
The Euronext-listed fund of funds received $129m in distributions in the second quarter as the firm continues its ‘realisation strategy’ of tending to capital calls and not making new commitments.
The UK pension ‘lifeboat’ has hired Goldman Sachs, Pantheon, Hamilton Lane, Lexington, LGT, Partners Group and RREEF as advisors.
Montagu, BC Partners and MatlinPatterson are among the firms whose LPs have granted fund investment extensions.
Some LPs mistakenly think they’re committing to outperforming managers, according to a recent white paper.
Orin Kramer, chairman of the New Jersey's state investment council, urged council recently to lift the 28% cap on alternatives.
The London-listed firm must now find another suitor or risk having to wind down its activities, according to analyst Iain Scouller.
Jackson Chan, formerly at Ramius Capital, will lead Hamilton Lane's business development in the Asia Pacific region.
The $203bn pension has had its private equity portfolio rise, but experienced a 37.1% decline in real estate for the year ended 30 June.
Goldman and Lexington have reportedly been beneficiaries of the secondaries-focused mandate.