Managers

The investment arm of Peruvian conglomerate Grupo Romero will look to back Hispanic businesses across the Americas.

The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.

The manager looks to expand its LP base beyond Washington State Investment Board.

New York City’s pensions look to take advantage of an increased cap to alternative investments, which could provide an injection of fundraising capital.

LPs that have received recallable distributions via NAV facilities will do well to think carefully about how and when this capital is re-used.

First-time funds only raised $6bn globally in the first quarter of 2023, after raising $67bn all of last year, according to Buyouts data.

Alts now account for nearly one-fifth of the firm’s $1.37trn assets under management, driven by manager acquisitions and inflows from the wealth channel.

By identifying Matt Nord, David Sambur, John Zito and Grant Kvalheim as future leaders, and adjusting their compensation accordingly, Apollo is suggesting its eye is on the horizon.

The California-based system looks to commit up to $450m in 2024.

LPs are working to ensure that they retain the no-fee, no-carried interest structure on their co-investments, essentially looking for a 'status quo' option.