The Australian fund manager combined attributes of both open-ended and closed-ended structures in its debut infrastructure co-mingled offering, which closed earlier this month on A$2.35bn.
The technology investor, which has recently raised more than £13bn across two funds, has flexed the terms of its carried interest payment in two different ways.
The waterfall is becoming more flexible a backdrop of low interest rates.
The organisation could soon start delisting signatories who haven’t made progress towards the responsible investment principles.
Lexington Middle Market Investors IV has a hurdle rate of 7% and a phased carried interest structure to 12.5%, documents from a US pension show.
The firm is targeting $7bn for the fund and will make a GP commitment of at least $750m.
Almost half of fund managers will invest in data management technology over the coming year, according to a survey by fund administrator SEI.
As more private equity firms hire ESG heads to hone their responsible investing strategies, we look at what is needed to succeed in this increasingly crucial role.
Almost 500 delegates met in New York for pfm’s annual gathering for private fund back-office teams to discuss their concerns, as Claire Wilson reports.
Susie Peer, Associate Director, Heritage International Fund Managers discusses the increased scrutiny placed on private fund administrators.
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