Investors

Former Abraaj partner: How to mitigate against GP ‘sharp practice’

Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor safeguards.

Texas Municipal fights to claw back terms from GPs

In a heady fundraising environment, GPs are pushing fund terms in their favour, and it’s up to LPs to walk them back, Texas Municipal Retirement System’s director of private equity Christopher Schelling.

CDPQ launches $3bn JV to hold assets for up to 15 years

The Canadian pension has teamed with Generation Investment Management and will target companies with strong ESG attributes.

Korea’s $567bn NPS appoints CIO after 15-month wait

National Pension Service had been without a CIO for more than a year amid a stream of resignations in its senior executive team.

Too early to tell if Toys ‘R’ Us severance fund will become industry standard

The retailer’s severance fund may, however, change future discussions at the negotiating table.

GPs experiment with waterfalls

Recent fund launches have seen general partners tinker with the distribution waterfall, writes Proskauer’s Andy Shore.

Lessons for a smooth succession plan

Hellman & Friedman and Blackstone’s Strategic Partners began transfers of power this year. Other firms should take note of some key elements.

Alaska reaps reward for going direct

The sovereign wealth fund’s $7.2bn private equity and special opportunities portfolio returned 32.7% for the year ending 30 June.

Secondaries sentiment down amid bright H2 picture

New managers are up, secondaries are down and co-investments remain popular in the latest version of the Rede Liquidity Index.

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