Kirk Falconer

Ontario Teachers’ Pension Plan will conduct an internal and external search for new leadership 'over the coming months'.

It is not clear whether the $5bn refers to Roark Capital Partners VII’s target or to capital raised against an undisclosed target.

Multiple North American investors have shifted their focus towards smaller managers, suggesting enthusiasm for the US mid-market is on the rise.

The private equity industry continues to face challenges around realisations, according to chief executive Bobby Le Blanc.

Private equity AUM is expected to double in the next five years to reach $270bn, co-heads David Sambur and Matt Nord said at Apollo’s 2024 Investor Day.

Some curtailment of the scope of direct investing, and the reintroduction of fund investing, mark a fundamental shift from the past practice of an innovative Canadian institution.

The Canadian pioneer of institutional direct investing is launching a global private equity funds strategy with long-time exec Michael Graham set to retire.

Getting to 'the next trillion', president Connor Teskey said, will be achieved by enhancing fundraising channels, scaling product offerings and building and buying new businesses.

Big step-ups in the firm's recent fund sizes may be due to greater LP appetite for co-investing as a way to build private equity exposure on a no-fee, no-carried interest basis.

The new flagship offering's target size is 12% larger than Fund IX, which closed in 2021 on $5.6bn.