The LP-friendly limited partnership agreement is intended to cut down the need for negotiation and side letters when establishing a private equity fund.
The US public pension has issued an RFP for a secondaries private equity manager.
The investment firm launched its flagship private equity secondaries fund at the end of Q3, Secondaries Investor has learned.
The preferred equity specialist is seeking €1.8bn for its fifth flagship vehicle.
Canada's largest insurer is the latest financial institution to enter the secondaries buy side.
Jean-Baptiste Wautier, the private equity firm's investment committee chairman, says such deals and cross fund transactions can prove a nightmare to navigate.
The preferred equity specialist has raised $2bn for Whitehorse Liquidity Partners Fund III, less than one year after launching the vehicle.
Hands and his family will provide a cornerstone commitment to help buy Consolidated Pastoral Company from the firm's 2007-vintage Terra Firma Capital Partners III fund.
In part II of sister title Infrastructure Investor's October Deep Dive, market participants discuss how many attempted continuation funds fail to get past the first hurdle.
Details of Auda Secondary Fund IV's investments, deployment pace and key person replacements were revealed in a document seen by Secondaries Investor.