Commentary

Fund V's LPs include pension funds, asset managers, fund of funds, endowments, foundations, health systems, family offices, and insurance companies.

It would be tragic if government intervention results in the tearing down of AIMCo, an innovative public pension system with a significant presence in alternative assets.

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

Some large LPs have already started to tweak their investment focus to align with the priorities of the Republican administration.

Fund III's LPs include endowments, foundations, health systems, public pension plans, family offices, fund of funds, advisors, and consultants.

Transom also announced the closing of an additional $79.5 million in co-investor capital commitments.

The sale comprised 13 fund investments, eight of which held vintages of 2013 or earlier, with the funds offloaded for an adjusted purchase price of $737.1m, according to documents seen by Buyouts.

One measure of this sentiment is seen in the recent close of KKR’s debut mid-market product, Ascendant Fund, at an oversubscribed $4.6bn, despite rocky fundraising conditions.