Andy Lund, Managing Director and Global Co-Head of Primary Capital Advisory at Houlihan Lokey, featured in Mergermarket, discussing the growing appetite among U.S. state plans and insurers for specialised European funds as they seek diversification and alpha. He notes that this trend is accelerating, with recent fundraises seeing outsized commitments from top-tier U.S. LPs, especially in sectors like healthcare, tech, and defence.
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