Managers

Because of the tough economy, GPs will be looking for more time for everything from fundraising, to deploying a fund, to pushing back the terminal date of a fund’s life.

The deal, a concentrated-asset GP-led secondaries process, is among a few that have been able to navigate to final close this year despite the widening bid/ask spread.

Blackstone's ninth secondaries offering hit $17.2bn in Q3, putting it within reach of a $20bn target. If it gets there, it would be the market’s biggest pool on record.

Relationships with existing managers have been in vogue with LPs facing hard decisions in a tough economic climate.

The PE giant recorded $950.9bn of assets as of 30 September, rising 30% year-over-year, as it reels in nearly $50bn of inflows across strategies in the quarter.

Sponsors are using hedging to get deals over the line in markets with severe currency fluctuations; their investors are looking to protect themselves with greater flexibility over the currency in which they can commit.

Altas Partners Holdings III is now more than 80 percent of the way to meeting a $4bn target, sources told Buyouts.

US-dollar-denominated private equity funds may be in a position to make outsized returns as other currencies depreciate.

‘We need more talent. And the industry needs to properly recognize the value of allocating skill. A lot of institutional investors are short-staffed.’

Private equity finds itself in the middle of ESG’s escalating politicization.