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CIO Marcus Frampton proposed adding a 25% leverage to the fund in a special board meeting on Monday.

A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.

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.