Abbott Capital is looking for an extension for its 2008 flagship fund of funds and is encountering resistance from LPs contending with slowing cashflows and valuation uncertainty.
'The word is out that we can be a strategic partner and agile in providing solutions for balance sheet restructuring or a provider of patient, long-term capital,' said CIO Nicole Musicco.
Alaska CIO Marcus Frampton has been an outspoken skeptic on the asset class in recent months, expressing concerns about manager valuations and governance.