The Bank of Montreal will partner with The Carlyle Group to offer clients access to secondary private equity stakes. The partnership "broadens access to private markets for Canadian investors." Also, it will:
You mean Canadians get to buy PE stakes from sophisticated investors who've decided their money is better invested elsewhere? Yippppeeeee, I can be a private equity underwriter (PEU) too!"provide investors access to a global private equity portfolio through a fund, which is expected to be available this spring.
The fund will focus on secondary investments - the purchase of existing private assets from its current investors - and other investment opportunities, BMO said, adding that it will offer monthly subscriptions with 'low investment minimums'."
In other news:
Canadians use the poop emoji most."Will its use increase after the Bank of Montreal, whose initials are BM, offers its new PEU secondary fund to investors? It's a dis stink possibility....
