After years of pouring capital into private markets, sovereign wealth funds are facing a less comfortable phase. Fund stakes bought for long horizons are staying on balance sheets for longer than expected, and some are now being sold before managers can deliver exits.GIC, ADIC and CIC are among the sellers...
After years of pouring capital into private markets, sovereign wealth funds are facing a less comfortable phase. Fund stakes bought for long horizons are staying on balance sheets for longer than expected, and some are now being sold before managers can deliver exits.GIC, ADIC and CIC are among the sellers...