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Side Letter: To roll, or not to roll?North Carolina is the latest in a string of LPs reviewing their participation, or a lack thereof, in GP-led transactions. Plus: Norway’s Cubera has closed its largest secondaries fund; and PE bankruptcies are causing headaches for compliance officers. Here's today's brief, for our valued subscribers only.
What do LPs really think of continuation funds?Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.
Side Letter: LPs come downmarketNYSTRS 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: This PE strategy rose 90% last yearFundraising for healthcare vehicles almost doubled last year and our latest special report examines where the money will be spent. Plus: LP portfolio management on the up and Temasek subsidiary's credit move. Here's today's brief, for our valued subscribers only.
What are investors reading this summer?Senior executives from some of private equity’s biggest LPs including CalSTRS, Texas Teachers and QIC tell PEI what’s on their summer reading lists this year.
What podcasts are LPs listening to this summer?Senior executives from some of private equity’s biggest LPs tell PEI what’s on their summer podcast playlist for 2024.
TPG closes eighth Asia flagship on $5.3bn, eyes semi-liquid fund launchAsia Fund VIII, which closed below target, is TPG’s largest Asia-focused fund, according to the firm's latest earnings call.
Side Letter: TPG goes largeTPG is planning to pursue a smaller number of larger, higher quality deals. Plus: Primavera's founder remains "cautiously optimistic" about the Chinese market; and why secondaries is in the "decade of capitalisation". Here's today's brief, for our valued subscribers only.
Partners Group launches dedicated NAV financing vehiclePartners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.
Side Letter: Continuation fund performanceContinuation 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.