Texas TRS to co-underwrite co-investments

The pension system is in the process of expanding the direct investment portion of its private equity portfolio from 26% to 35%.
Chart, decline

Blackstone’s private equity returns fall in second quarter

The asset manager still expects to cross $100bn in total capital inflows in 2019, having already raised $64bn so far this year.
New York

Warburg Pincus’s Joseph Landy to step down

The co-CEO has led the firm alongside Charles Kaye since 2000, growing its assets more than fourfold while remaining a pure-play private equity player.
Shanghai China

Warburg MD joins former colleague at China’s Centurium

Michael Chen, who led consumer investments in China, joined Centurium Capital in June.
Abu Dhabi

ADIA’s direct private equity investments double in value in three years

Almost 40% of the sovereign wealth fund’s new commitments in 2018 were sourced by its internal team.

HarbourVest’s European and EM fund investing head steps down

Kathleen Bacon has moved into a senior advisory position, with Carolina Espinal taking the helm of European primary partnerships.
Alex Navab

How Alex Navab’s legacy will continue to shape private equity

The former KKR executive’s plans for a new firm serve as a valuable case study for aspiring managers hoping to scale quickly.
PEI's Germany Roundtable, Andreas Simon, Patricia Vollhard, Torsten Grede, Philipp Patschkowski

German private equity’s growing disquiet

Hands-on value creation is more important than ever thanks to high valuations, four market experts tell Private Equity International.

WSIB’s Bruebaker: ‘You never want to waste a good crisis’

Gary Bruebaker steered the pension system through the financial crisis to build out a robust private equity programme.
Alex Navab

Ex-KKR exec Alex Navab dies

Navab had left KKR in 2017 and was set to launch a $3bn debut fund for Navab Capital.
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