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Investors push for bigger concessions in PAI fund cut talks

18 Nov 2009

Limited partners in PAI Partners’ €5.4bn buy-out fund have opposed the firm’s offer to let them halve their commitments, saying it does not go far enough. According to Reuters, a group of investors including the $123.8bn Canada Pension Plan Investment Board, the second-largest investor in the fund, are pushing for reductions of up to 63 per cent, which would cut the fund down to €2bn.

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