Family Offices

In today's edition, PE's liquidity crunch sparks an LP default; Secondaries could receive a further injection of capital; KKR finds another 15x reasons to endorse ESOPs.

Now that multiple arbitrage is a thing of the past, PE firms must embrace complexity in order to deliver returns, says American Securities senior partner Kevin Penn.

Democratisation and the growing secondaries market have played a key role in making private equity a much broader asset class, Hollow Brook president Philip Richter tells PEI.

The survey found that 86% of private wealth funds aimed to increase allocation to private markets, with venture capital as the most popular asset class.

European governments have sharply ramped up defence budgets this year, leading to LPs and GPs alike undergoing a mass sentiment shift in favour of the sector.

In today's newsletter: Why Miami is a must for those seeking family office capital; Qatar Investment Authority leans into Japanese PE; How AI is combating greenwashing.

The German family office holds around €1bn in private market assets, half of which is in private equity, chief investment officer Christian Wiehenkamp tells PEI.

Groupe Bruxelles Lambert is divesting €1.7bn in NAV and its GBL Capital unit will no longer make new fund commitments.

The Latin American multifamily office has a near-term target of at least one-fifth of its clients’ holdings being placed in alternatives, says Daniel Sanchez, head of alts.