Hamilton Lane negotiates hurdle rate with Blackstone Tactical Opportunities

An aerial view shows the skyline of New Orleans, Louisiana, U.S. on August 17, 2017. REUTERS/Jonathan Bachman - RC183A717AA0
  • Terms on Tac Opps vehicles vary by LP, separate account
  • Blackstone planning to raise at least $7 bln
  • Louisiana Teachers' commits $125 mln to Tac Opps
Hamilton Lane negotiated with Blackstone Group to add a preferred return and “improved management fee structure” on a planned commitment to the firm’s Tactical Opportunities platform, a memo prepared for Teachers’ Retirement System of Louisiana shows. At its meeting last ...
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