50 South sets $1bn hard-cap for latest secondaries fund
50 South Capital, the alternative investment arm of Chicago-headquartered financial services giant Northern Trust, has set a $1 billion hard-cap for its latest secondaries fund. The cap for Private Equity Strategic Opportunities Fund V was disclosed in documents prepared for MWRA Employees’ Retirement System’s 11 July board meeting. PESOF V, which has a $750 million
