Investors will increasing eschew commingled funds for direct or co-investments.
Sophisticated limited partners will be ratcheting up the home improvements in a bid to generate the best returns.
Staying competitive on remuneration will take some creative thinking.
Investment portfolios will be less segmented.
LPs' drive to cut the number of managers they use may create a split between blue-chip multi-strategy asset managers and smaller specialist GPs.
The US public pension has backed a North America focused fund.
With the rise of the anti-sexual-harassment movement, industry stakeholders need to think differently as they mitigate reputational risk.
The transaction allows Hermes GPE, on behalf of BT Pension Scheme, to reallocate to strategies including emerging markets and new managers.
The $225 billion US public pension fund has selected its third deputy CIO since 2010.
The $7.8bn US public pension targets a London-based mid-market buyout fund.