Chris Witkowsky

Silver Lake’s launch of a multi-decade strategy is the latest example of a private equity industry grappling with how to hold on to assets outside of a traditional 10-year fund model.

Coinvestments have been a hot topic in private equity as more limited partners seek ways to build direct exposure alongside their trusted GPs in investments.

Because of the greater sophistication necessary for private equity investing, what’s not likely any time soon is that individual investors will be able to directly invest in a private equity fund as a standalone product.

The pension in question committed €50m to CVC's new flagship, but one official questioned the widespread practice of raising funds early and putting them on the shelf while they deploy the prior pool.

These situations are especially relevant in older funds that have deployed most of their capital, with little left to reinvest back into portfolio companies.

Co-investment opportunities have dried up along with the broader deal environment, but many LPs continue to seek ways to invest alongside GPs into deals.

TA Select Opportunities Fund, which will pick up stakes in companies its main fund is selling, won’t charge a management fee and will instead collect fees from portfolio companies.

New firms are leveraging increased LP appetite for co-investment to entice investors and boost firepower, according to research by sister title buyouts.

The bill goes after carry and interest deductibility and would make firms liable for employee pensions.

Navab had left KKR in 2017 and was set to launch a $3bn debut fund for Navab Capital.