Private Equity

Limited Partners

Endowments see worst PE returns since financial crisis

The US and Canadian college and university endowments posted an average 4.5% net return in fiscal year 2016, the worst performance since 2009.

2 min read · 31 January 2017

Goldman CFO: Volcker Rule was never meant to force sales

Goldman Sachs’s fund investments subject to the Volcker Rule stood at $6.5bn at the end of 2016, and the bank is still awaiting approval for its latest extension request.

2 min read · 30 January 2017

Carlyle’s Horbach: LPs are after more than just returns

The firm’s co-head of US buyout, Sandra Horbach, said LPs are showing strong preference for funds focused on ESG and other factors – prioritising this even over high returns.

3 min read · 30 January 2017

Blackstone seeks variation of LP capital for next 12 months

The private equity behemoth is actively building channels to access the retail investor market, as 17% of its total capital raised now comes from retail and high-net-worth investors.

3 min read · 26 January 2017

Harvard names first CIO amid major overhaul

Harvard Management Company, which has 16.7% of its assets in private equity, is also cutting its staff headcount by half and shifting its strategy to become a generalist, rather than specialist, organisation.

3 min read · 26 January 2017

CalSTRS’ underserved programme hurts PE performance

The private equity performance at the second-largest US public pension fund has lagged due to a specific mandate that targets niche, underserved sectors and areas in California.

3 min read · 25 January 2017

$1bn debut Rocket fund to allow ‘faster funding’

The European Investment Fund is among LPs in the German firm’s record breaking fund, which will have a ‘virtuous impact’ on European VC.

2 min read · 25 January 2017

NYSTRS PE portfolio underperforms benchmark

The $107.5bn state pension’s private equity failed to outperform its benchmark for all six time periods observed as of 30 September.

3 min read · 24 January 2017

Making PE fit into DC plans - study

In a new study, Partners Group addressed several key hurdles related to the inclusion of private equity in defined contribution pension plans.

2 min read · 23 January 2017

New Mexico’s SWF names interim PE director

After its director of PE, Greg Kulka, retired at the end of 2016, SIC hired from within to name an acting director.

2 min read · 23 January 2017

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