Employees' Retirement System of the State of Hawaii related stories
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Side Letter: Deal-by-deal waterfallsUniversity of Oxford professor and private equity gadfly Ludovic Phalippou explains why deal-by-deal carry isn't necessarily cheaper for investors than the alternatives. Plus: Ares Management loses a PE co-head. Here's today's brief, for our valued subscribers only.
ERS Hawaii unveils 2024 pacing planUS pension fund increases its allocation target to private equity to 19%.
Side Letter: Tips for secondaries successThinking of launching a secondaries process in 2024? Here's what the chair of HarbourVest’s secondaries investment committee says you need to know. Plus: a checklist for a successful co-investment programme, courtesy of Meketa; and what private markets sustainability leaders are prioritising in the year ahead. Here's today's brief, for our valued subscribers only.
Side Letter: PE-ople movesResearch seen by Side Letter shows private equity are firms ramping up their hiring processes. Plus: PJT Park Hill has tapped Jefferies for a senior secondaries hire; and Chinese private equity is facing yet more pushback from the US. Here's today's brief, for our valued subscribers only.
Side Letter: Hard-cap hassle; GPIF's PE commitments; Astorg's continuation implicationsLPs are urging GPs to be more conservative with their fund targets. Plus: Japan's GPIF is making direct private equity commitments for the first time and Astorg gets in on secondaries. Here’s today's brief, for our valued subscribers only.
Side Letter: TPG's tech triumph; PE's reputation requirements; AIP's $5bn targetMonday is a public holiday in London and Hong Kong, so we'll return to your inbox on Tuesday. In the meantime: TPG has beaten the odds with its latest tech vintage; and reputation is proving more important than track record for some investors. Here’s today's brief, for our valued subscribers only.
Side Letter: SVB's PE implications; PE's best mid-market GPs; ESG backlash enters 10-KsSilicon Valley Bank's collapse may exacerbate PE's subscription credit line supply gap and spark buying opportunities. Plus: a look at the top mid-market performers; and GPs believe the ESG backlash has the potential to hinder fundraising. Here’s today's brief, for our valued subscribers only.
Side Letter: Europe's best PE market for women; Brookfield's 6x return; LACERA's boostIreland has the highest proportion of women in senior investment roles, according to Level 20. Plus: Brookfield's cross-fund transaction delivers for LPs and LACERA wants to co-investments and secondaries. Here’s today's brief, for our valued subscribers only.
Goldman amasses $5bn for Petershill's latest GP stakes fundThe fundraise comes months after GSAM listed a Petershill portfolio of 19 GP stakes on the London Stock Exchange’s main market in a deal valued at more than $5bn.
Charterhouse eyes lower flagship target amid mid-market push for €2.5bn Fund XIThe Europe-focused buyout firm has reduced capital raising targets since 2009, when it shifted focus to smaller mid-market companies in the region.