Commentary

An investor’s right to negotiate one-on-one competitive terms with its GPs were among the raft of proposals voted on this week.

Opening its doors in January 2022, Greenbelt is run by CEO and managing partner Chris Manning and managing partner Glenn Jacobson, who previously oversaw energy investing at Trilantic.

Including other single-investor vehicles pursuing the same strategy, the combined Blackstone Tactical Opportunities Fund IV platform is expected to have nearly $10 billion of new capital.

At the same time that fundraising has slowed to levels not seen since right after the global financial crisis, some GPs are pushing hard to infuse their fund LPAs with terms many LPs consider obnoxious.

Our latest investor report suggests private equity’s fundraising slowdown will continue for the foreseeable future.

The Tallahassee-based public pension fund has backed four private equity vehicles.

Angeles Equity Partners II's limited partners include endowments, foundations, public pension plans, fund-of-funds and family offices.

Access Holdings raised $525 million for its second fund, beating its $500 million target; and secured an additional $280 million for a Fund II co-investment.

Princeton invests in franchisor and multi-unit companies.

I take it that the side letter ask has gotten no less burdensome over the years, and any sort of relief, even one imposed by the SEC, could be viewed as a welcome change by GPs.