The Fund reached its hard cap of $500 million and when including employee capital and a separate account totals over $600 million of investable capital, more than three times the size of its predecessor fund, KCLOP I, which closed in 2018.
Just before Christmas, the SEC approved a proposal from the New York Stock Exchange to alter its rules to allow companies to raise money through a direct listing. That could level the playing field for all investors.
After struggling to meet a $12 billion fundraising goal, BlackRock staffers have set sights on growing the private-equity fund to $4 billion to $6 billion in assets over time.
At the $79.4 billion United Nations pension fund, continuing tensions came to a head this month when the UN participant representatives to the pension board — elected representatives of 85,000 active UN staff members — wrote on December 2 to the General Assembly body that oversees the fund about their concerns on a range of issues regarding the fund’s administration and governance.
Five representatives of Fossil Fuel Divest Harvard met with University President Lawrence S. Bacow and several members of the Harvard Corporation in a closed-door meeting last week.