Managers

The industry group representing private equity LPs is readying guidance for NAV facility reporting, set to be released in April, and faces parsing the SEC’s Private Fund Adviser rules package without input from the regulator while the rules face litigation.

While demand among GPs for liquidity options to pay back LPs in older funds is strong, the limiting factor is the relatively small pool of capital available for such deals.

Partners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.

The outpost will be the European growth and buyout firm’s fourth globally after Paris, London and Boston.

Impact Engine operates as an “impact LP,” deploying most of its capital to the funds of emerging and established buyout and growth equity GPs with an impact focus.

Besides private credit, LUCA 1.0 is also in talks to introduce private equity secondaries, fund of venture capital funds and a private markets sports fund, chief executive Keiko Sydenham tells PEI.

A new Illinois pension plan looks to build its private equity portfolio through a secondaries commitment.

The hires come as secondaries advisory groups shift and expand, with some places growing their capabilities to meet increasing demand for transactions like continuation funds and LP portfolio sales.

The European tech investor closed on €1.1bn for Verdane Edda III, which makes minority and majority investments in single companies.

CM Venture Capital plans to seek at least $100m to invest in China, the US and the UK, PEI understands.