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This article was written in late October and it confirms a trend we have been seeing since last year, namely, Canada's large pensionfunds are tapping into the secondaries market to get rid of underperforming fund stakes to shore up liquidity and diversify vintage year risk. Gibson Dunn served as legal advisor to Investcorp.
Fund IV closed with commitments of $825 million from limited partners and the US Small Business Administration and $50 million from the general partner. Fund IV limited partners include university endowments, foundations, pensionfunds, insurance companies, banks, family offices, and industry executives from the U.S.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity.
another Canadian pensions giant, told Bloomberg recently. A key challenge for regulators is that much of PE’s borrowing was arranged with loose legal terms at a time when lenders were fighting for deals, making it easier today to use financial wizardry to keep sickly businesses alive.
Meade -- General Counsel and Chief Legal Officer Good morning, everyone. G&A expense was up 8% year over year, primarily due to the timing of technology spend last year and higher professionalservices expense. Sales, asset, and account expense increased 6% compared to a year ago, driven by higher direct fund expense.
The nation’s market regulator, the Securities and Exchange Commission (SEC), last month stayed the implementation of its climate-related disclosures by public companies in the face of multiple legal challenges from attorneys general of several Republican-led states. How can pensionfunds take part in the new nuclear revolution?
Meade -- General Counsel and Chief Legal Officer Thank you, operator. G&A expense was up 7% year over year, primarily due to the timing of technology spend in the prior year and higher professionalservices expense. We're seeing a lot of pensionfunds who are saying, "I'm at my liability. Christopher J.
The decision to put a senior government official on the board of the arm’s-length pensionfund manager raises questions about AIMCo’s continued independence, and whether the move opens the door to the government to exert greater political influence or to steer the pensionfund manager toward government priorities.
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