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  • Side Letter: 'It ends badly'
    Private Equity News & AnalysisPEI Staff- 10 November 2025

    NYC's (now) former CIO issues a scathing response to the ongoing 'democratisation' of private markets. Plus: AI disruption risk is leading to broken auctions and Hong Kong's wealth community is hungry for alts. Here's today's brief, for our valued subscribers only.

  • Side Letter: PE's insurance iceberg
    Private Equity News & AnalysisPEI Staff- 30 July 2025

    A $2 billion insurance tie up involving KKR could prove the tip of the iceberg for private markets firms hoping to access this lucrative channel. Plus: impact capital is becoming consolidated; and PJT Park Hill reckons secondaries activity could hit $230 billion this year. Here's today's brief, for our valued subscribers only.

  • Side Letter: Money in or money out?
    Private Equity News & AnalysisStaff Writer- 12 May 2025

    New data suggests NAV loans are rarely used to massage DPI. Plus: a $23 billion pension has tweaked its PE allocation to get ahead of potential liquidity challenges; and a Japanese buyout firm completes an MBO. Here's today's brief, for our valued subscribers only.

  • Impact investing blossoms in Japan
    Impact InvestingBen Payton- 1 April 2025

    Impact strategies have gained traction, but first-mover funds will need to demonstrate strong performance to add credibility to the sector.

  • An insider’s view of impact investing
    Impact InvestingBen Payton- 1 April 2025

    Masato Nakamura, a trailblazing Japanese impact investing executive, discusses developments in the market.

  • Side Letter: Trump's carry crusade
    Private Equity News & AnalysisPEI Staff- 10 February 2025

    President Donald Trump is revisiting the idea of closing private equity's carried interest 'loophole'. Plus: APAC investors are most bullish on private equity returns; and Chicago Teachers is seeking to shed PE exposure. Here's today's brief, for our valued subscribers only.

  • Side Letter: LPs come downmarket
    Private Equity News & AnalysisPEI Staff- 5 August 2024

    NYSTRS is the latest institutional giant to lean more heavily into small- and mid-cap fund strategies. Plus: Blue Owl is $1 billion closer to the final close on its flagship GP stakes fund. Here's today's brief, for our valued subscribers only.

  • Side Letter: PE's crystal ball
    Private Equity News & AnalysisPEI Staff- 13 May 2024

    Takeaways from our latest Future of Private Equity special report. Plus: HarbourVest has a new(ish) CEO; and big names step up to back Astorg's €1 billion continuation fund. Here's today's brief, for our valued subscribers only.

  • Side Letter: Continuation fund performance
    Private Equity News & AnalysisStaff Writer- 12 February 2024

    Continuation funds can deliver a higher MOIC and stronger risk-adjusted returns than buyout funds, according to research by Morgan Stanley. Plus: UK mid-market firm Epiris has held the final close on its third flagship; and wealth management fundraising remains an area of focus for Ares. Here's today's brief, for our valued subscribers only.

  • Side Letter: PE-ople moves
    Private Equity News & AnalysisPEI Staff- 13 November 2023

    Research 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.