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The asset class has always been sold as ‘long-term’ but invested in through a private equity-like model. We look at whether this has done the asset class justice and why things might be changing.
Infratech
They are not going up the risk curve to invest in it directly but they are finding ways to support tech companies in developing products that will improve their assets and keep them relevant.
Two European LPs have already defaulted on capital calls, and more are rumored, as LPs get hit with a one-two punch of large, often early capital calls and drying up distributions.
Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Lawyers from Paul Weiss pinpoint the areas of a private equity firm operations that may need to be adjusted to account for the coronavirus outbreak, including fund documentation, valuation and banking relationships.
The European asset manager’s real assets, structured finance and hedge fund businesses will combine to form the new entity.
Infrastructure's continuous evolution will require new skill sets, create job opportunities and drive up pay packages for investment professionals, according to recruitment firm Sousou Partners.
Change concepts with orange paper airplane leading among white
A statement from pensions with combined assets of nearly $2trn is a clear warning to sceptics.
The state's proposal to add a surcharge to management fee income and carried interest has the industry there scrambling to kill the measure.
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