The package would expand performance fees, update interval fund rules, and simplify multi-class structures, while reviewing accredited investor eligibility.
Incepted in 2021, Ares Pathfinder Core Fund is an evergreen asset-based lending vehicle that invests in liquid and illiquid opportunities.
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.
The alternative investment manager has requested SEC approval for exchange-listed and tokenized share classes across three of its GP stakes and broader private markets funds.
MMM Securities can now hold fund positions in omnibus accounts on behalf of other broker-dealers, streamlining access to semi-liquid investments.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
The institutional investor plans an initial $200 million allocation, citing opportunities created by redemption pressures across wealth-channel credit funds.
The proposal by the Ontario Securities Commission supports the development of new investment vehicles, structured as either fixed term or evergreen funds.
