The $31.2bn pension plan, which has about 12% of its defined benefit assets in private markets, was able to lower management fees by 6% across asset classes.
1 min read · 26 June 2017
Marco Peschiera, managing director and head of the Peru advising team at Carlyle, explains to Marine Cole why diversifying among Latin American countries is central to a sound strategy for the region.
3 min read · 21 June 2017
In a high-valuation environment, carve-outs can be more attractive than traditional buyouts.<br />
3 min read · 19 June 2017
After more than a decade at the pension, which has $17bn of its assets in private equity, he will be replaced on an interim basis by deputy CIO Jerry Albright.
2 min read · 16 June 2017
GPs have taken advantage of a seller’s market, and it is showing in the numbers, says State Street.
1 min read · 15 June 2017
The TPG co-founder stepped down after making a 'destructive' comment during a meeting about the ride-hailing company's controversial culture.
2 min read · 14 June 2017
Bain bought children’s retailer Gymboree in 2010 out of its tenth vehicle, which as of 30 September recognised a 7.69% net IRR.
2 min read · 13 June 2017
Amid high pricing for secondaries, the firm is focusing on committing to vehicles in fundraising that have already held a first close and have made a few investments.
2 min read · 08 June 2017
Chief executive Mario Giannini talks to PEI about why the firm was happy to stay out of the spotlight with its IPO and its plans to open at least three more offices.
5 min read · 06 June 2017
Demand for subscription credit lines is now being driven by the needs of separate accounts, say Jeff Johnston and Mike Mascia of the Fund Finance Association.
2 min read · 06 June 2017
