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Secondaries
The securitization is around $400m and comes less than a year after Temasek invested in Nuveen Private Capital.
Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.
Continuation vehicles present an interesting opportunity for fund finance, but concentration risk and a reluctant investor base pose a challenge.
A CSC study finds LP demand for tailored SPVs is rising, but so are expectations around governance, reporting, transparency and operational oversight.
Nascent alternative mechanisms can grant people liquidity in private markets, from secondaries trading to target date funds in 401(k)s.
Debt instruments will eventually be offered to wealth customers for comparison alongside private fund stake sales.
Variable profit-sharing structures are designed to foster alignment between sponsors and secondaries buyers โ but an influential LP group voices caution in proceeding.
The new AI-powered offering reduces manual work and enables sponsors to view common investment exposure across multiple vehicles.
The asset managerโs investment chief cites 'weird time arbitrage' that the practice causes for evergreen investors who buy into vehicles at similar points.
With Washingtonโs pressure on the industry eased, fund managers at the 23rd annual Private Funds CFO New York Forum could reset their shoulders, get back to work.









