As LPs are consolidating their PE investments, competition is increasing and the investing environment has become particularly challenging for mid-sized LPs.
2 min read · 13 June 2016
Despite challenges posed by high valuations, transparency and cost, the California pension plan remains committed to its 10% interim target allocation to private equity.
2 min read · 07 June 2016
Following in the footsteps of other California pension plans, the Los Angeles City Employees’ Retirement System is rejecting a bill mandating private equity fee reporting - Assembly Bill 2833 - in its current form.
2 min read · 25 May 2016
The Department of Justice has charged seven individuals including Hugh Dunkerley, who bought Paris-based fund of funds Fondinvest last year, with defrauding investors and a Native American tribe.
3 min read · 23 May 2016
The Chicago-based firm’s latest vehicle, which does not have a performance hurdle and has slashed its management fee, is targeting more than $7bn.
3 min read · 18 May 2016
The terms of the fund, which is targeting $8.5bn and is nearing a final close, are disclosed in documents prepared for LACERS.
2 min read · 17 May 2016
Private equity funds continue to do better than public markets but the extra return has shrunk by more than half since 2011, according to PEI 300 Bison PME Alpha data.
2 min read · 12 May 2016
The firm, which posted a loss in the first quarter, had one of its busiest capital deployment quarters ever.
3 min read · 10 May 2016
The firm raised $670m for its new Blackstone Core Equity Partners vehicle in Q1 and is likely to overshoot its target.
2 min read · 22 April 2016
The firm’s economic net income decreased by 77% compared to a year ago, driven by market volatility and lower carried interest.
2 min read · 21 April 2016
