CEO Michael Arougheti expects more institutional credit portfolios to come to market over the next two years as investors reposition their holdings.
The firm's flagship Cox Retail Secondaries Fund I is offering to purchase up to $2.5 million of Variant Alternative Income Fund shares at a 40% discount to October 26 NAV.
The pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
Eligible shareholders can borrow up to 65% of NAV on positions of at least $1 million while continuing to seek fund repurchases.
In an exclusive interview with SecondaryLink, Co-Founder Thomas Dadashi discusses the firm's specialist approach, first investment, and plans to deploy over $50 million over the next 12 months.
The mandate covers LP-led and direct transactions alongside SME acquisitions, with up to three managers eligible for commitments.
