The proposal by the Ontario Securities Commission supports the development of new investment vehicles, structured as either fixed term or evergreen funds.
The $100 million commitment made in 2022 is under review amid concerns over fund performance, manager concentration, and a limited LP base.
The pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
Eligible shareholders can borrow up to 65% of NAV on positions of at least $1 million while continuing to seek fund repurchases.
MMM Securities can now hold fund positions in omnibus accounts on behalf of other broker-dealers, streamlining access to semi-liquid investments.
The Janus Henderson affiliate has partnered with Tradable to offer a blockchain-based feeder fund investing in the Privacore VPC Asset Backed Credit Fund.
The Canadian bank now holds 10.5% of Blue Owl Credit Income Corp. as shareholders sought to withdraw 16.8% of outstanding shares in Q3.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
