OPIC relaunch and private equity push faces setback

The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.

Caledonia seeks longer-term deals in UK with directs unit

The UK-listed firm, which owns a stake in multi-family office Stonehage Fleming, plans to make three investments every two years via its rebranded direct investment unit.
Retirement savings

High fees hinder DC schemes’ push into growth and VC – report

Management charges need to be lowered to unlock large-scale defined contribution schemes’ investment, according to the British Business Bank and Oliver Wyman.

Transparency in PE: Uncomfortable but often for the best

The public nature of CalPERS’ decision-making may be giving competitors an edge.
New York

NYCRS hires Finnish, Chilean pension execs in PE build out

The $208bn New York City Retirement Systems has hired two experienced private equity executives from Ilmarinen and AFP Capital.
Elizabeth Warren

Lawrence Golub: ‘Imagine what it will be like if Warren gets her way’

The Golub Capital chief executive spoke at sister title Private Debt Investor's New York Forum of the US presidential hopeful's stance against the private equity industry.
Geoffrey Love

Wellcome Trust’s Love for venture

How Wellcome Trust's Geoffrey Love learned to thrive in an asset class that has left many LPs bruised and bloodied.

StepStone eyes HNWIs with private wealth push

The firm will integrate fund investments, secondaries and co-investments to create customised investments for the private wealth sector via its Conversus platform.
Vianney de Leudeville, British Business Investments

How the UK’s development bank plans to back VC and growth managers

Vianney de Leudeville of British Business Investments discusses why the development bank subsidiary is seeding fund of funds managers.
Growth investing

Family offices eye more growth and VC – report

Asia-Pacific investors in particular are driving this trend, according to UBS and Campden Wealth's latest study.

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