Who is in charge?For those of you who think Suresh is in control, a couple of links may prove otherwise:
- https://www.nj.gov/treasury/doinvest/pdf/DirectorsReport/2021/DecemberFinal.pdf
- https://www.state.nj.us/treasury/doinvest/pdf/AlternativeInvestments/PrivateEquity/CatalystFundLimitedPartnershipV.pdf
- https://aum13f.com/fund/catalyst-fund-limited-partnership-v
The first link shows De Alba's connection with the State of New Jersey.
The second link shows New Jersey's initial entry into Catalyst Fund V Profile in 2015. They were still there as of 31 DEC 2021.
The third link shows CIBC as Catalyst's custodian, so I guess they'd know when they need to cover their short, or when to run ladders and stops.
So if you're truly worried, please know there are much larger fish than you with a stake here. The Catalyst Fund V owns near 1/3 of FEC, who owns nearly 77% of OYL. So indirectly, all of those limited partners with the Catalyst Fund own roughly 25% outright of OYL if my math is right, some of them being: (1) McGill University; (2) Sun Life Assurance Company of Canada; (3) the University of Toronto; (4) the Arizona State Retirement System; (5) the Montana Board of Investments; (6) Harvard Management Private Equity; (7) Alaska Permanent Fund Corp.; and (8) Morgan Stanley AIP.
Suresh is the useful idiot, for all intents and purposes. The strings are being pulled from Bay Wellington Tower in Toronto.