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.
Japan Investment Corporation, which was set to make tech investments in Japan and the US, has ceased operations indefinitely following public outcry over senior executive pay.
They are moving into the mainstream, with investors considering them a core part of their portfolios, according to McKinsey's latest report.
The mid-market firm is raising its largest fund yet and expects more capital commitments from US LPs.
Industry trends such as GPs making pre-emptive bids and the rise of cross-fund investments are signals of late cycle behaviour, according to the $101bn Oregon State Treasury.
The asset manager is targeting up to $9bn for its fifth flagship private equity vehicle.
The recent dip in public-market tech companies is likely to affect future valuations, according to Cambridge Associates.
LGPS Central, which manages assets of nine UK pensions, joins Northern Pool and Local Pensions Partnership in setting up a dedicated private equity fund.
A paper estimates US private equity will return less than 100bps more than US stock market returns for the next five to 10 years.
A roughly $1bn secondaries deal with Lexington Partners has helped the firm secure a final close above its target.
The firm is among a crop of managers that has about $77bn to put to work in the consumer-related sector.