Managers

So you’re thinking of selling an equity interest to a GP stakes firm? Here’s why you might want to take capital from one firm over another.

The risk with quick and consistent fundraising processes is that commitments and capital calls for new deals will outpace money flowing back to LPs.

Clayton, Dubilier & Rice Fund XII, which launched last year, has a hard-cap of $23bn.

The $72.4bn pension system is one of the most aggressive LPs in pursuing these types of deals.

Kalichstein opted for a career in private equity because it offers “a never-ending bounty of opportunity to learn and grow.”

Whitehorse Liquidity has grown rapidly since its formation in 2015.

While large, headline-grabbing secondaries deals are delayed, mostly because of challenges in syndicating out fundraising, middle-market deals such as AEA’s appear to be getting done more frequently .

Murphy is among a slew of executives who left Credit Suisse in the wake of the bank’s acquisition by UBS at the direction of the Swiss government in March.

The system was unable to finalize the decision at an earlier meeting.

“What happens if one of the managers decides to lay off 10% of staff of one of their investments? Can you imagine the headlines and pressure on us to step in and prevent that from happening,” said one board member.