PEI Staff

Side Letter: CalSTRS' writedown warning; BPEA's $11bn; Apogem's biggest Fann

The US's second-biggest public pension is reaping the benefits of its predilection for co-investments and acknowledges that market volatility may undo some of these gains. Plus: Baring Private Equity Asia has reportedly entered the region's elusive double-digit club; and TorreyCove veteran David Fann has a new role. Here's today's brief, for our valued subscribers only.

Side Letter: GP-led alignment; PE's PM predictions; ESG's Florida foe

Alignment in continuation fund transactions may be a tangled web, but routes to success remain, as we explore below. Plus: UK deal certainty could benefit from a leadership change and Florida's ESG crackdown could prove a headache for GPs. Here's today's brief, for our valued subscribers only.

Side Letter: Future Fund's PE 'shakeout'; ICG's succession shake-up; Ardian's boss loss

Monday is Labor Day in the US, meaning Side Letter will return to your inbox on Tuesday. In the meantime, Australia's sovereign wealth fund is expecting less established managers to struggle in the coming economic storm; and GP-led giant ICG has enacted a succession plan. Here's today's brief, for our valued subscribers only.

Travers Smith on the growing sophistication of the secondaries market

Supply and demand in the secondaries market is a key focus as LPs look to tap liquidity, according to Ed Ford and Sacha Gofton-Salmond, partners in the funds and secondaries team at Travers Smith.

Download PEI's 2022 US Mid-Market report

In the magazine: How private equity is preparing for volatility in the US mid-market; The firms creating value in the mid-market; Keynote interviews with Alter Domus, Baker McKenzie, Sanne Group and TMF Group; Plus much more…

UBS: How secondaries are contributing to the democratisation of PE

The liquidity offered by the secondaries market has a critical role to play in opening up the asset class to a new set of investors, say UBS Asset Management’s Jochen Mende and Tanja von Ehrlich.

Download the September 2022 issue of Private Equity International

In the magazine: A secondaries special featuring PEI’s ranking of the 50 biggest secondaries capital raisers and the class of 2022 next generation of industry leaders, as well as a deep dive asking just how aligned is the secondaries market today; Plus a 12-page report on private equity in Africa; An Asia roundtable; And much more…

Baker McKenzie: Debt markets volatility hits PE deals

With lending terms shifting and syndicated loan markets largely closed, private equity buyers are turning to direct lenders and preparing for deal activity to pick up, says Mike Fieweger at Baker McKenzie.

Alter Domus on standing out from the crowd

Amid fears of a recession, LPs are favouring skilled owner-operators, says Tim Toska, global sector head for private equity at Alter Domus.

Northleaf: A bright future for secondaries

Activity within the secondaries market is experiencing a brief lull, but it will bounce back stronger than ever in 2023, says Shane Feeney, managing director and global head of secondaries at Northleaf.