Public market indices

Post-crisis returns are as strong as the 1990s – report

A report by two academics shows US buyouts have historically outperformed the S&P 500 by a fairly wide margin.
Paris, France

Morgan Stanley acquires GP stake to back Tikehau’s US expansion

The investment bank invested through its $1.4bn North Haven Tactical Value fund, which closed in December.

How technology could shape the future of fundraising

Online fundraising platforms could become more common over the next decade, but obstacles to their growth remain
Toronto

CPPIB more than doubles co-investment spending

The C$392bn fund closed 26 co-investments representing C$3.1bn of invested capital in the fiscal year ending 31 March.

Carlyle’s Bagijn: commingled funds will remain ‘highly relevant’

Ruulke Bagijn, the new head of the firm’s AlpInvest and Metropolitan units, says co-investment and secondaries funds will remain part of the core of the business.

LBO sell-off to blame for Europe’s dealmaking slump – report

A recent dip in secondary market pricing for leveraged loans and high-yield bonds has made financing costs too high in Q1, according to PitchBook data.

Legal special: How to navigate conflicts in GP-led secondaries

LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.

Legal special: The five hot topics on lawyers’ minds

From the implications of Brexit to the growing number of GP-led restructurings, fund managers are wrestling with some weighty legal issues.

PODCAST: Gazing into the future – 5 tips for long-term investors

Wired editor-at-large and futurist Ben Hammersley explains how to deal with exponential growth, discusses the needs created by new technology and explains why cognitive-enhancing infra is a must in the age of AI.

Future special: The changing face of the LPA

Calls are growing for the standardisation of the limited partnership agreement, but moves towards uniformity are fraught with difficulties, lawyers say

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