The '40 Act vehicle will pursue TPG-linked opportunities directly, or via primaries, secondaries and co-investments.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
We examine the proposed interval fund's strategy, share structure, and liquidity terms, including its planned Texas Stock Exchange listing.
The new Class A shares will carry a 3.5% maximum upfront sales charge and a $25,000 minimum investment.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
HarbourVest's FTSE 250-listed trust, which has a 29% allocation to secondaries, first announced plans in April to narrow its persistent discount to NAV.
The recently registered tender offer fund will invest in venture capital and growth opportunities across LP-led secondaries, direct secondaries, continuation vehicles, and co-investments.
The deal brings Bow River's $1.3 billion fund onto Apogem's platform alongside its GP-led, LP secondary, and GP stakes businesses.
The Dutch investment manager is expanding into GP stakes investing while also developing a dedicated open-ended strategy for managing secondary investments.
The firm welcomed talent from OpenView Venture Partners and L2 Point Capital to support all aspects of direct and secondary deals.
