The £1.6 billion technology-focused trust is asking shareholders to back a tender offer proposal as part of a compromise with activist investor Saba Capital.
We dive into the June performance, portfolio composition, and other details of the FTSE 250-listed fund, which targets investments through primaries, secondaries, and co-investments.
The Swiss manager estimates potential outflows of $10 billion to $20 billion over the medium term in its evergreen funds.
Partners Group's decision to impose a 5% redemption cap on its $9 billion private equity SICAV has erased more than 16% of the firm's market value in a single day.
The Marvelous Scito Fund, which will take LP positions in DeepTech managers across Europe, is anchored by a €20 million investment from the Joachim Herz Foundation.
In its latest move, the activist investor has swayed the Schroder UK Mid Cap Fund's Board to conduct a tender offer for up to 100% of the listed trust's ordinary shares.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
The Luxembourg-domiciled fund targets 12-15% net annual returns and reported a NAV of €1.7 billion as of February.
HarbourVest Global Private Equity allocated 29% of its investments to secondaries as of February.
Institutional Link dives into the January performance, investments, and portfolio makeup of the FTSE 250-listed trust.
