An Ontario pension fund is joining with Jaguar Transport Holdings LLC and Jaguar Rail Holdings LLC to acquire five U.S. short lines, according to Surface Transportation Board (STB) documents.
The $34 billion public fund plans to invest up to $850 million into opportunistic private credit mandates in a drive to ramp up its illiquid asset exposure.
The Securities and Exchange Commission on August 26, 2020 adopted amendments to the definition of “accredited investor” to: add new categories of investors (both for individuals and entities); codify long-standing SEC staff interpretations; and make conforming changes to the definition of “qualified institutional buyer” under Rule 144A.