Managers

In the early 2000s, private equity was a niche industry backed by a small group of institutional investors. Roll on two decades and the picture couldn’t be more different, writes Nicholas Neveling.

21 Changemakers: from the partners of Petershill to Dave Swensen, formerly of Yale University.

Fund sizes, LP communications and investor appetite for particular structures are all markedly different from the heady days of pre-crisis fundraising.

Arcline is one of the few newish managers that is braving the challenging fundraising market and is looking for commitments from limited partners.

Fund VII will concentrate on investing in mid-market companies in business services and consumer sectors, relinquishing a prior focus on energy.

The jump to Sheth’s firm, Haveli Investments, comes after Loring’s quick stint at Crosspoint, which lasted just over a year.

The darling of so-called ‘growth markets’ investing took just half a year to unravel in a saga that has yet to conclude.

'It’s a healthy correction and private markets still need time to digest some of the public market corrections and valuations,' said the system’s deputy CIO.

Some 252 buyout, growth equity, venture capital and other PE vehicles in North America secured $111bn between July and September, down 20% from the second quarter.

New Mexico commits $75m to the manager.