Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
Schroder GAIA II Specialist Private Equity Fund will allow LPs with a minimum investment of $50,000 to back PE investments in small and mid-sized businesses.
Vista's $16bn haul for its seventh flagship fund, Advent's $2bn debut tech fund and Hahn & Co's largest fund for Korea are among the largest funds closed during the month.
Benelux, Nordic and UK funds were the highest performers in Europe as of end-2018, generating at least 16% IRR each.
The buyout firm gathered $2.7bn for its third flagship fund and a further $500m for a co-investment sidecar.
The UK-listed firm, which owns a stake in multi-family office Stonehage Fleming, plans to make three investments every two years via its rebranded direct investment unit.
Management charges need to be lowered to unlock large-scale defined contribution schemes’ investment, according to the British Business Bank and Oliver Wyman.
The $208bn New York City Retirement Systems has hired two experienced private equity executives from Ilmarinen and AFP Capital.
Senior partners Matt Nord and David Sambur will lead the firm’s $77bn private equity business.
The firm will integrate fund investments, secondaries and co-investments to create customised investments for the private wealth sector via its Conversus platform.
Vianney de Leudeville of British Business Investments discusses why the development bank subsidiary is seeding fund of funds managers.