Long fund life, distribution waterfall flagged in LP doc
Third-party owner to put up majority of GP commitment
Fund targeting $4 bln, with $2.4 bln raised
Secondaries firm Landmark Partners’ next private equity vehicle will have a 14-year fund life, with a possible two-year extension at the GP’s sole discretion, pension documents say. This and other unique terms are listed in an investment evaluation prepared by StepStone for State ...