sovereign wealth funds

KIA and AP3 join emerging manager-focused LP group

The Kuwaiti and Swedish investors bring the combined funds of Capital Constellation – which launched last year as a partnership between three LPs – to $1bn.
PE Insights, UK PE outlook panel

UK PE market braces for more uncertainty post no-deal Brexit

Capital raising, deal financing and talent retention will face more challenges, according to panellists at a private equity conference in London.
LightBay Capital

Ex-Ares execs on how to build an institutional PE firm

LightBay Capital, formed by two former Ares Management partners, has focused on employing a differentiated strategy.
The city skyline of Sydney, Australia. Circular Quay and Opera House.

Private equity firms battle over fewer deals in Australia

Firms have completed just 20 private equity deals in the country this year, well below the 107 signed last year.
Statue of Liberty, Manhattan skyline

US surpasses Europe as top destination for UK companies – report

UK growth companies want to make the most of the US economy’s strong performance, according to ECI Partners’ Growth Index 2019.
London

UK’s BMO reports exit slowdown amid ‘real risk’ of recession

The £287m NAV trust posted £25.4m of total realisations and income in H1 2019, down from £29.9m at the same point last year.
Warsaw, Poland

CEE-focused funds break fundraising record – report

Funding from non-European investors accounted for close to 40 percent of total commitments for the region in 2018, according to a report from Invest Europe.

Side Letter: Apollo-Athene skirmish, Chinese appetite for CEE and BXG’s new hire

Side Letter will be back on Tuesday. In the meantime: Apollo and Athene battle it out; Chinese LPs are driving CEE fundraising; and new hires for Blackstone Growth and Carlyle. Here’s today's brief, for our valued subscribers only.
Sacramento,, California

CalPERS hits highest PE commitment level post-GFC

The US's largest public pension made $4.3bn of commitments in the first half of the year.
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