Side Letter: UTIMCO bites big, pref’s allure, two-and-20 redefined

On the lookout for the next big strategy in private equity? Preferred equity could be your best bet. Here’s today's brief, for our valued subscribers only.
Austin, Texas

UTIMCO shifts to large buyouts to scale PE portfolio

The endowment will trim its private equity manager list by almost 50% and increase cheques to core GPs to maintain its $3bn annual investment target.

PODCAST: Everything you wanted to know about preferred equity

Preferred equity isn’t new but firms such as 17Capital are applying it to private equity via dedicated funds. In this 26-minute podcast we speak to managing partner Augustin Duhamel about the strategy that is quietly taking the market by storm.

Side Letter: Alaska’s Asia aspirations, TPG’s $14bn, more adventurous LPs

Alaska Permanent Fund eyes more Asia exposure, TPG's double haul and the LPs from QIC and U Michigan you need to know. Here’s today's brief, for our valued subscribers only.
Juneau, Alaska

Five ways Alaska Permanent will boost its Asia exposure

The $65bn fund is underweight the region and is looking at China, Indonesia and pan-Asian funds, according to senior portfolio manager Yup Kim.

Abraaj’s Abdel-Wadood pleads guilty in US court

Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.

Side Letter: ILPA on GP clawback, $2.5trn powder keg, Abraaj latest

ILPA's latest how-to guide for LPs, private markets' $2.5 trillion piggy-bank, "political interests" behind Naqvi accusations. Here’s today's brief, for our valued subscribers only.

Invest Europe’s Baudon hopeful of EU parliament compromise

Thierry Baudon, the industry body's recently appointed chairman, said the rise of the Greens in Europe is not incompatible with the interests of the private equity industry.
Picture by James Clarke. www.jamesclarke.me, james@jamesclarke.me, 07941 676821.

Naqvi lawyer: US ‘political interests’ behind Abraaj charges

Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.
New York City

Nordic Capital seeks local hires for new US office

The firm is looking to hire up to four people for its New York office, which will focus on providing service to existing and new US healthcare portfolio companies.
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