The changes followed a proposed management buyout that was rejected in a London meeting of the LPAC in the first half of last year, PEI has learned.
The fintech-focused firm, which counts fundraising veteran Bob Brown as a partner, has returned to market and is eyeing a first close this month.
The tech-focused firm's chief executive spoke out against racism and shared some personal experiences in a letter to colleagues.
The investment firm's ASF VIII programme ranks only behind vehicles raised by Blackstone and Apollo Global Management in terms of capital raised.
The pan-European firm has yet to begin investing the fund, which raised around €1bn from new investors.
Stellex was founded in 2014 by two Carlyle veterans and focuses on investments in "underperforming or mismanaged lower and middle-market businesses."
Fund age, available cash reserves and the sharing of carried interest can have a big impact on GPs having to return performance fees.
We examine some of Ares Management's private equity funds in the latest instalment of a special series looking at quarter-on-quarter performance amid the downturn.
We examine the firm's private equity funds in the latest instalment of a special series looking at quarter-on-quarter performance amid the downturn.
The fund has reported annual unrealised losses of more than $17bn and paused marketing for Vision Fund 2.
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