Funds

The firm received unanimous approval from its LPs to replace Mark Wiseman with Robert Kapito as chairman of the executive investment committee, allowing its Long Term Private Capital Fund to continue investing.

If the fund reaches its €14.75bn target, it will be one of the largest European private equity funds ever raised.

From spreading the wealth to dealing with Brexit, here are four themes expected to shape the dialogue between the private equity industry and European governments this year.

Julia Leung, the Hong Kong financial body's deputy chief exec, says asset managers in Asia tend to focus more on governance than environmental concerns.

Capital raising by PE firms across all strategies rose $74.5bn from the previous year as Asia-Pacific gave Europe a run for its money.

Ahmed Badreldin, the firm's former head of Middle East and North Africa, says the North Africa Fund II has roughly doubled LPs' capital on exited investments so far.

Four additional entrants have been welcomed into the HEC Private Equity Value Creation Hall of Fame, launched in 2017 by associate professor Oliver Gottschalg.

Rising tensions between Washington and Tehran in the past week and Iran’s restrictive investment environment make private equity investments a challenging proposition.

The 10 largest capital raises for the month gathered nearly $31bn among them.

Fund performance data show the former is likelier to deliver better returns in the US and Asia, while Europe’s homogenous nature gives pan-regional strategies the edge.