The firm has been working to expand its base of limited partners, including talking to institutions in Europe and the Middle East, and for the first time making a big effort to attract high net worth people and family offices.
Ahmad Ali, who led the private equity programme since at least 2006, left in late February, just one in a host of leading LPs who have left their positions in the last year.
A panel of LPs at the PE Asia Forum in Hong Kong had mixed views on the development of the LP-GP relationship.
Under Steve LeBlanc’s leadership, the private markets programme expanded at a fast clip, with the system averaging ‘two to three’ investments per month.
Governor Nathan Deal has approved legislation that will allow the state’s $13bn Employees’ Retirement System to invest up to 5% of its assets in alternatives.
Seven years after the first private equity funds were established in Korea, domestic firms have attracted significant capital. But investing it is another story.
The Chinese private equity firm has returned to market after generating strong returns with its debut vehicle, a $950m 2008 vintage.
The $7.7bn endowment re-upped $25m to Lime Rock Partners VI along with commitments to a pair of venture capital firms and a real estate fund.
The indictment of Detroit's former treasurer has revealed an alleged pension pay-to-play scheme in which managers and consultants are accused of providing bribes in exchange for business with two of the city’s municipal pension systems.
French private equity group Qualium Investissement is poised to hold a final close for its latest buyout fund on €520m after bowing to pressure from some LPs not to raise significantly more.