The firm plans to adjust the fee structure in its flagship secondaries funds to better align with prevailing market practices.
The ETF provider has hired Alessio de Longis to head its new Active Investments platform and Hyuk Soo Han to help lead its private equity secondaries efforts.
The Swiss firm's flagship semi-liquid strategy tracks the Morningstar PitchBook Unicorn 20 Index primarily through secondaries.
The Swiss manager plans to address its mature evergreen offerings over the next 12-18 months, while maintaining liquidity limitations in the coming quarters.
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.
The increase was driven by continued strength in the firm's evergreen strategies, notably in AlpInvest and asset-backed finance, according to CFO Justin Plouffe.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
We review CVC's H1 report, fundraising efforts, and performance across its secondaries and wealth channel products.
We review CVC's Q1 investment activity, fundraising efforts, and performance across its secondaries and wealth channel products.
Institutional Link dives into the January performance, investments, and portfolio makeup of the FTSE 250-listed trust.
