Hannah Zhang

LPs continue debate over continuation vehicles and NAV loans – updated

Speaking at PEI's Women in Private Markets Summit, representatives from investors including NYCRS expressed caution about the rise of CVs on CVs, saying such practice could make GPs appear 'desperate'.

Ex-CalPERS' Musicco: Evergreen funds will change LP-GP dynamics

The transactional nature of semi-liquid fund structures can place a lower importance on relationship building between investors and their managers, says Nicole Musicco.

More European GPs offering carried interest to staff as competition grows – study

Smaller GPs are more likely to have better value sharing mechanisms than their larger counterparts, with French and Nordic managers the most generous, according to research from Armen.

How PE giants plan to tap the 401(k) market

Listed private equity firms are leading the industry’s push into the US retirement space.

China’s massive sovereign fund explores secondaries sale of US PE funds

The transaction, which could total as much as $1bn in size, is understood to comprise a concentrated list of funds and managers.

Blackstone’s Gray: Private wealth investors didn’t pull back amid tariff uncertainties

Blackstone raised $11bn through the wealth channel in Q1 2025, up nearly 40% year-over-year to the highest level in nearly three years.

Leonard Green runs two continuation fund processes across five assets

HarbourVest and Goldman Sachs are understood to be the lead buyers on the multi-asset continuation fund and a single-asset continuation fund respectively.

Institutional investors are driving the rise of semi-liquid funds

The evergreen structure reduces inefficiencies for institutional LPs and can even help mitigate the denominator effect, according to speakers at PEI Group’s Investor Relations Network New York Forum.

MEAG's PE head on what makes a good co-investment

In this eight-minute video, the asset management arm of European insurer Munich Re's Gregory Schmitt discusses what he looks for in a GP and how his team treats co-investment opportunities.

LPs flock to the secondaries market as buyers

Aware Super is the latest example, with CIO Damien Webb saying he expects the superannuation fund to allocate further capital to the space in the next three years.