Sovereign Wealth Funds Double Down on Private Deals, Emerge as Major M&A Players
Such investors have become among the ‘most assertive forces in global dealmaking.’
Such investors have become among the ‘most assertive forces in global dealmaking.’
EQT AB agreed to pay $3.2 billion to purchase the dedicated secondaries firm, which has nearly $50 billion in AUM.
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
The Abu Dhabi Investment Council filed a complaint against the Energy & Minerals Group related to the sale of fund assets into a continuation vehicle.
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
The deal is also expected to bring more than $5 billion to Hamilton Lane over 10 years.
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.