The manager is considering legal action after a "frivolous, defamatory, and highly misleading" report targeting its evergreen platform was published by the short-selling hedge fund.
The $15 billion Partners Group Private Equity Fund accepted approximately one-third of the $2.2 billion in Q3 repurchase requests, with payments made in the form of promissory notes.
We examine the capital flows, investment strategy, and performance of the tender offer fund, leveraging EvergreenLink Data.
EvergreenLink examines the Q2 capital flows, investment activity, and performance of Fairway's tender offer fund that is now available on iCapital.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
Partners Group Private Equity Fund capped the requests at 5% of NAV, repurchasing ~$760 million of the shares through promissory notes.
The $185 billion manager expects repurchase requests in a Delaware-domiciled private equity evergreen vehicle to reach approximately 6% of NAV.
This "first-ever" evergreen vehicle of the like, designed to target secondary investments in US-focused buyout funds, was eyeing a $100 million debut on the NYSE.
The NYSE-listed closed-end fund promises access to some of the world's most in-demand private tech unicorns.
We dive into the evergreen fund's Q4 activity, which saw 61 of its 67 investments made in *checks notes* public markets.
