Morningstar, Pitchbook Launch Evergreen Private Market Indexes
The offerings are designed to benchmark the performance of nontraded, semi-liquid investments.
The deal is also expected to bring more than $5 billion to Hamilton Lane over 10 years.
Institutions are backing exchange-traded funds as anchor investors, but they may have to sacrifice some control to reap the benefits.
The allocations come from a Nest-seeded global infrastructure debt fund that IFM is managing.
The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.
Liquidity requirements reframe the need for diversification.