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PEI 300: Baratta outlines Blackstone’s competitive advantage

When you are at the top of the PEI 300, the way to avoid deal competition is to go big, Blackstone’s Joe Baratta says.

CD&R initiates third leadership transition

Nate Sleeper will take over from Donald Gogel as chief executive on 1 January, with David Novak and Rick Schnall becoming co-presidents.

Ex-Noah CIO resurfaces at Legend Capital

PV Wang has joined early stage and venture firm Legend Capital as its chief operating officer.

PODCAST: Leapfrog’s CEO on separating the impact investing wheat from the chaff

Fresh from raising a $700m fund in May, Leapfrog Investments’ Andy Kuper talks to Toby Mitchenall about how impact investing will evolve as more firms enter the fray.

Korea’s Hahn nears $2.5bn final close on latest fund

Hahn & Company III is expected to close by the end of June and has already amassed $2.1bn, US pension documents show.

Side Letter: PSERS postpones, Mid Europa eyes GP-led deal, Silver Lake debt play

ESG can mean the difference between receiving a re-up from a long-standing LP and potentially not, as one US buyout firm is about to find out. Here’s today's brief, for our valued subscribers only.
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Ex-AlpInvest MD taps former shop for GP stakes hire

Joseph Lombardo, who left AlpInvest's partnerships team in December, has joined former MD Sean Gallary at mid-market fund of firms outfit Stonyrock Partners.

How Rhode Island plans to use secondaries to boost its PE exposure

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.

Three things you should know about CalPERS’ new PE head

Greg Ruiz, a former Goldman Sachs exec, will rely on his GP experience to help the US's biggest public pension push into direct investing.

Rubenstein: Now is the ‘best time to invest in emerging markets’

Lower returns in recent years have caused investors to pull back, leaving these regions ripe for investment, the Carlyle co-founder said.
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