U.S. corporate debt and stocks, along with gold, are among the least attractive assets for managers over the next five years, according to Nickel Digital Management.
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.
