David Toll

Slideshow: AlpInvest Takes Punch From 2006 Vintage Funds: CORRECTED

AlpInvest Partners, the funds-of-funds business of The Carlyle Group, has taken a pretty big hit so far from its vintage-2006 investments, according to a regulatory document.

AlpInvest Funds Hit Hard By 2006 Vintage: CORRECTED

Kelso’s $5.1B Fund Underwater Through Year-End

Kelso & Co. closed a buyout fund that was more than twice the size of its predecessor when it wrapped up Kelso Investment Associates VIII LP in mid-2008. But through year-end its performance hasn’t been nearly as good.

AlpInvest Funds Hit Hard By 2006 Vintage: CORRECTED

Kelso’s $5.1B Fund Showing Loss Through Year-End

KPERS Scorecard: Strong Re-Start after Skipping 5 Vintage Years

A return to private equity following a five vintage-year break in the mid-2000s has given the Kansas Public Employees Retirement System portfolio a shot in the arm, thanks in part to well-timed investments in non-control distressed and opportunistic credit funds.

KPERS Scorecard: Strong Start After Five Vintage-Year Hiatus: CORRECTED

Some LPs Play Both Sides Of Apollo, Blackstone

Separate Accounts, Side Letters Open Rifts Among LPs

Investors may be in the driver’s seat these days when it comes to partnership terms and conditions. But through separate accounts and side letters, big investors are driving down costs and building customized investment programs at an accelerated pace—threatening disharmony with their shallow-pocketed brethren.

Separate Accounts, Side Letters Threaten Rift Among LPs