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Playing the long game on transparency

Some GPs are opting to bypass pensions that demand disclosures around fees and expenses, but they may find LPs have long memories.

Digital Colony hires ex-PSP director as fundraising nears final close

Steven Sonnenstein, who resigned from the Canadian pension in March, becomes managing director as the firm’s inaugural $3bn fund nears target.

BlackRock pushes real assets research with triple hire – exclusive

The asset management behemoth says its research build-up is a response to growing client demand for real estate and infrastructure.

Ardian’s debut Americas fund tops $800m

The French manager beat its $500m target for its first dollar-denominated vehicle, targeting the energy and transport sectors, primarily in the US and Chile, but also in Canada and Mexico.

MIRA and SK Telecom to buy Korean security firm from Carlyle

The two companies have agreed to pay $1.2bn for ADT Caps, South Korea’s second-largest security services provider.

Troubled toll bridge part of DIF’s $220m US portfolio acquisition

The Dutch fund manager agreed to buy American Roads, which manages five toll assets, including one in Alabama caught in a legal dispute.

GIP establishes India platform with IDFC acquisition

The NY-based fund manager will acquire IDFC Alternatives’ infrastructure business, which will be rebranded as GIP India.

KPERS bets on open-ended funds with $100m for IFM, JPMorgan

The $18.5bn public pension fund recently approved commitments of up to $50 million each to IFM Global Infrastructure Fund and to JPMorgan Infrastructure Investments Fund.

Campbell Lutyens pushes further into US

The firm has opened offices in Chicago and Los Angeles as it continues expanding its secondaries advisory and fundraising business.

Ardian intensifies North America focus with new hire

Mark Voccola, a partner at Ares EIF, will become co-head of Ardian Infrastructure US as the French firm raises $550m for its debut Americas fund.

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