Four things we learned at Emerging Manager Connect 2019
LPs are looking for strong teams, skin in the game and honest dialogue, delegates heard at sister title Buyouts’ fourth annual gathering devoted to new managers.
BlackRock PE trio departs to launch growth firm – exclusive
Managing director Jay Park and two other private equity partners executives launched the firm in July.
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%.
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.
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.
Warburg MD joins former colleague at China’s Centurium
Michael Chen, who led consumer investments in China, joined Centurium Capital in June.
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.
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.
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.
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