Valuations remain ‘very much on paper’ as a result of limited liquidity in the market, AXA IM’s global head of alts says at PEI Group’s NEXUS 2024 summit.
California
CalPERS' fourth CIO since 2014 comes from an institution without significant pedigree in private equity. Plus: European software specialist Main Capital holds a double close; and Intermediate Capital Group has raised $1bn for LP-leds. Here's today's brief, for our valued subscribers only.
Blackstone co-CIOs Lionel Assant and Kenneth Caplan
Shortly after reaching its long-time goal of $1trn in AUM, Blackstone ushered in Lionel Assant and Kenneth Caplan as co-CIOs. We sit down with the pair to discuss how the newly created role will aid the firm in its future growth.
Buildings in Mumbai, India
More than 80 India focused funds collected around $16bn between them over the past two years, according to PEI data.
Shanghai skyline at sunrise
MBK's China portfolio posted a 45% gain last year, compared with 29% and 12% percent for Korea and Japan, respectively, founder Michael B Kim noted in a letter to LPs.
GGV Capital Asia has rebranded after the firm's decision to split its Asian and Western business units last year. Plus: placement veteran Kelly DePonte has launched his own consultancy; and insights from an ILPA gathering. Here's today's brief, for our valued subscribers only.
Emerging manager fundraising is down, with first-time funds globally raising around $25bn last year, compared with $47.6bn in 2022, according to data from affiliate title Buyouts
Idiosyncrasies in fund structuring, tax and regulation create distinctive tests for buyers and sellers considering GP-led processes in Japan.
Recruitment concept of hiring of a new talented specialists for international company. Handshake as a concept of agreement to sign an employment contract. Social media hologram icons.
An influx of managers coming to Japan has led to increased competition for Japanese PE talent, says Tokyo-based Atlas Recruitment’s Gavin Smith.
Japan’s private markets brace for greater levels of interest.
pei
pei

Copyright PEI Media

Not for publication, email or dissemination