Commentary

Why did CIO Nicole Musicco step down after only 18 months, right in the middle of executing major expansions of the system's private markets strategy?

Industry heavyweights anticipate a wave of capital to come into private markets asset classes in the coming years – a dynamic that seems inescapable.

SkyKnight Capital Fund IV's limited partners include endowments, foundations, pensions, family offices, and institutional investors.

Fund III's limited partners include insurance companies, funds-of-funds, endowments and foundations, financial institutions, consultants and multi-family offices.

Opinions vary, and the real-world impacts of the rules are uncertain – lawyers are up in arms, while GPs are worried and dreaming of money flowing out of firms like a homeowner with a plumbing issue.

The manager’s debut non-control fund closed on $640m in 2021.

One in five investors wants to see more private equity transition products – hopefully the industry will answer this call.

Investors in past Leeds funds have booked strong cashflow returns.

The fund-closing is in addition to co-investment separately managed accounts of $450 million.

Interlock Fund I's limited partners include endowments, foundations, family offices, gatekeepers, pension, insurance and fund of funds.