Hannah Zhang

Carlyle’s Schwartz: The word ‘alternative’ doesn’t make sense anymore

Financial advisers must decide what’s best for their clients, rather than choosing between public markets and so-called alternatives, according to the asset manager's chief executive.

Private equity better suited to non-retirement portfolios than 401(k)s – Franklin Templeton

The litigious and fee-sensitive nature of the DC market will make it slow to adopt private market investments, says the firm's president and CEO Jenny Johnson.

Texas Municipal's directs head: No reduction in fund commitments

The $44bn pension's Amol Deshpande discusses its PE allocation plan and the types of secondaries opportunities it expects to pursue.

TMRS to commit up to $15bn into co-investments in next five years

The pension is launching a private market investment programme targeting co-underwrites, syndicated co-investments, secondaries and growth capital investments.

DOWNLOAD: Fundraising pace quickens for first time since 2020

Private equity funds took an average of 17 months to hold their final close in the first three quarters of this year, marking a slight shortening on last year.

Alaska’s Waldrop: We prefer single-asset CVs over 'cats and dogs'

'We tend to like single-asset continuation vehicles if the story is right if it’s with a sponsor that we think is the right owner for that asset going forward,' according to deputy CIO Allen Waldrop.

HighVista runs complex clean-up deal as liquidity creativity proliferates

Unlike more traditional continuation fund deals, no assets or fund stakes are being rolled into a new vehicle in this deal.

New Jersey explores $1bn-plus secondaries sale

The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.

Florida SBA’s Bradley: CVs not so attractive 'when we put our LP hat on'

A key concern is that a GP may not have market-tested the highest selling price of an asset, according to the $212bn pension's senior investment officer for PE.

Adams Street targets mid-market PE with latest evergreen launch

The semi-liquid fund aims to provide 'diversified access to high-quality private growth companies' through directs and secondaries.