CI Global Asset Management has announced a series of significant enhancements to its private markets funds, including eligibility for registered plans and the removal of the lockup period.
CI Private Markets Growth Fund and CI Private Markets Income Fund use a fund-of-funds structure to provide accredited investors with access to investment opportunities in global private markets.
Following changes approved by the funds’ unitholders at special meetings held on Sept. 5, 2024, CI GAM expects that units of the funds will become qualified investments for registered plans starting in October 2024. Additionally, the lockup period for investments in the funds has been eliminated. The lockup period had been one year, having been reduced from three years in June 2024.
Other recent developments for the funds:
A cap on the maximum all-in management fee for Series F units
The payment of quarterly distributions
Expanded access to leading alte