Kern County Employees Retirement Association related stories
All articles and analysis
Side Letter: Carlyle's fundraising shortfallCarlyle's latest flagship has fallen well short of its target. Plus: why secondaries are taking off in China; and the NAV lending space gets another entrant. Here's today's brief, for our valued subscribers only.
Side Letter: Florida SBA's secondaries schemeA shift in the LP/GP power balance in favour of LPs is spurring Florida SBA to buy second-hand fund stakes. Plus: Takeaways from last week's BVCA summit; and LPs are facing a brain drain. Here's today's brief, for our valued subscribers only.
Side Letter: Co-investment cost protectionAn explosion of GP-led secondaries is prompting LPs to ensure their no-fee co-investments won't become more expensive down the line. Plus: Why minority recapitalisations are in vogue; and how AI can improve GP operations. Here's today's brief, for our valued subscribers only.
Side Letter: LPs resist China rebrands; Apollo's Fund X shortfallSome GPs are attempting to navigate China's PE slowdown by targeting new geographies – and LPs aren't entirely convinced. Plus: Apollo has fallen short of its fund target; and PE's DE&I push is facing headwinds. Here's today's brief, for our valued subscribers only.
Side Letter: CalPERS customises capital; LPs' liquidity platform; Blackstone's MD lossCalPERS is increasingly keen on customisation within private equity. Plus: A new platform aims to tackle a comparatively underserved segment of the LP interest market; and a Blackstone MD has left the firm. Here’s today's brief, for our valued subscribers only.
Side Letter: China's IPO implications; Platinum's fund milestone; Ham Lane highlightsThe outlook for China IPOs doesn't appear as bleak as one might expect. Plus: US buyout firm Platinum Equity has reached a fundraising milestone and takeaways from Hamilton Lane's earnings. Here’s today's brief, for our valued subscribers only.
Side Letter: KIC looks overseas; VC's DD double-down; ESG's engagement gulfKorea's $169 billion sovereign wealth fund is pondering overseas expansion. Plus: how VC due diligence is evolving in the wake of FTX's collapse; and ESG enthusiasts aren't engaging with its detractors. Here’s today's brief, for our valued subscribers only.
Side Letter: Carl Thoma on pricing 'denial'; Gensler's fee focus; AllianzGI's opportunitiesBuyout pioneer Carl Thoma says circumstances will need to worsen for buyers to find bargains. Plus: SEC chairman Gary Gensler has made a fresh case for private fund reforms and where AllianzGI spies opportunities this year. Here’s today's brief, for our valued subscribers only.
KCERA outlines 2023 PE Pacing PlanKern County Employees Retirement Association has published its private markets pacing plan for 2023.
Side Letter: Greenbriar's bellwether billions; Carlyle's chosen chief; Tikehau's debt CFOIndustrials firm Greenbriar is further evidence that capital remains available for managers below the mega-fund fold. Plus: Carlyle's search for a new chief appears to be over; and Tikehau has raised a collateralised fund obligation. Here’s today's brief, for our valued subscribers only.