TPG related stories
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Side Letter: Northern Trust's PE ETF; Hong Kong's SPAC dreams; new BVCA chairNorthern Trust is giving investors access to private equity, ETF-style. Plus: Duke Street exec named BVCA chair and why being a night owl could be the key to a PE career. Here's today's brief, for our valued subscribers only.
PE’s dreaded denominator effect could prompt some tough decisionsA simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.
Side Letter: Ham Lane's token tie-up; TPG's climate close; Vitruvian's moonshotHamilton Lane is the latest private markets giant to acknowledge the exciting potential of private equity tokenisation. Plus: TPG is nearing its climate fund hard-cap and Vitruvian has acquired a stake in fundraising platform Moonfare. Here's today's brief, for our valued subscribers only.
Side Letter: Ardian's key person shake-up; PAG's IPO titbits; PE's fundraising 'indigestion'The key person team investing Ardian's next secondaries mega-fund is going to look very different from its 2020-vintage predecessor. Plus: Extras from PAG's Hong Kong IPO filing and why TPG believes LPs are suffering from 'fundraising indigestion'. Here's today's brief, for our valued subscribers only.
Four things to know about PAG’s IPO plansThe Asian buyout, credit and real estate giant will use most of its IPO proceeds to seed new strategies, according to Hong Kong Stock Exchange filings.
TPG seeks $24.5bn for recently launched funds amid 'indigestion' in PE fundraising'In the short term, the industry is definitely experiencing some indigestion', said TPG CFO Jack Weingart on the firm's first public earnings, noting TPG expects to hit its targets quicker than it initially thought.
Side Letter: Kaiser's $1.5bn buzzer beater; New Mexico's re-up quandary; McKinsey takeawaysThe winner of PEI's North American LP of the Year is close to finalising a $1.5 billion rebalancing at a time when LP portfolio sales are grinding to a halt. Plus: New Mexico SIC's trustees will consider giving staff more autonomy as LPs struggle to cope with a wave of re-up opportunities. Here's today's brief, for our valued subscribers only.
Side Letter: Partners Group highlights; Advent's $23bn target; Adams Street's Joost boostHighlights from Partners Group's annual earnings call this morning. Plus: Advent International is expected to close its latest and largest mega-fund next month and Adams Street Partners has tapped BlackRock for its Benelux business. Here's today's brief, for our valued subscribers only.
Side Letter: Japan giant's PE head; CVC goes Dutch; Warburg & tech frothinessJapan's newest LP giant has tapped another of the country's leading investors. Plus: CVC is said to prefer Amsterdam for its expected listing and Warburg Pincus gets quizzed over its latest flagship. Here's today's brief, for our valued subscribers only.
Advent International on course to wrap up $23bn Fund X next monthAdvent's prior flagship fund was showing outsized performance with a 3x net multiple and a 129.4% net IRR as of September.