Strategy

LPAs usually contain a clause for removal of the fund manager, either 'for cause' or 'no fault.' Malcolm Nicholls and Kate Simpson, of law firm Proskauer, lay out the negotiation points and the likely effect on economics.

The John Hancock Infrastructure Fund will allow the Canadian insurance giant to 'invest in larger sizes and an even larger amount of the transaction'.

GPs are jumping at the chance to make use of credit lines, the investment consultant says, and greater transparency at the fund level is needed to help investors clearly assess performance.

The French fund manager wants greater access to institutional investors in the region as well as closer proximity to investment opportunities.

The global asset manager makes four appointments including former Hastings executive Heiko Schupp, who will lead the firm’s new infrastructure strategy.

Australia’s sovereign wealth fund creates five new roles, split by asset class, after head of property exits.

RM Funds is launching an open-ended lower risk/return alternatives fund to cater to investor caution in the face of an increasingly challenging macro environment.

The asset manager is selling its Asian Infrastructure & Related Resources Opportunity platform to emerging markets specialist The Rohatyn Group for an undisclosed amount.

The French manager beat its $500m target for its first dollar-denominated vehicle, targeting the energy and transport sectors, primarily in the US and Chile, but also in Canada and Mexico.