Chris Witkowsky

Former Children’s Health LP launches secondaries shop focused on overlooked deals

After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.

Veteran LP Robert Ross to lead private equity at USS

He replaces Geoffrey Geiger, who left USS last year. He will report to Ben Levenstein, head of private markets group, a spokesperson said.

The shorter the hold, the higher the burden

Assessing a quick-flip continuation vehicle on the asset’s hold period alone is an imperfect metric.

The art of self-governance

There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.

Dealmakers, don’t be so quick to skip the AGM

Dealmakers are a part of their firms’ LP relationships. They should be cautious about cold-shouldering LPs at the AGM.

Investor concerns grow around conflicts, particularly in CVs: ILPA

To try and smooth out pain points in the LP/GP relationship, LPs focus on top priority terms involving key person provisions, how carried interest is distributed throughout the organisation and standard of care/fiduciary duty, ILPA found in a recent sentiment survey.

Thoma Bravo to wind down growth equity strategy

The software giant will run off its Growth Fund and will not raise another vehicle for the strategy, with the two co-heads of its growth business having left the firm, PEI has learned.

University of California shops $3bn LP portfolio in major sale

The system's process marks the latest instance it has sought liquidity in the secondaries market.

The clog in PE’s exit pipeline is getting tougher to clear

Even assets bought at a less frothy era in the market are proving hard to sell. The question is, why?