Managers

The proposal seeks to amend the Alternative Investment Fund Managers Directive including disclosures to investors and the scope of ELTIF regulation.

Georgian launched the blind-pool vehicle, targeted to bring in $1.5bn, in tandem with a sixth flagship growth equity offering, which is seeking $1.3bn.

A top 20 US pension system will lose its leader in 2022, with the board beginning a search soon.

Buyers are turning to multi-asset processes, and traditional LP portfolio sales, for the diversification they don’t get in big, concentrated bets.

The pension systems’ coinvestment program has saved $40m since inception in 2014 and with the approval to double co-investment capital, it will save $38m annually going forward.

Healthcare private equity fundraising has been strong this year – over the past three quarters, 177 funds globally raised about $165.7bn, the second-highest tally since 2008.

For founders Kevin Ma and Ron Nayot, the evolution from independent sponsor to fund manager was eye-opening, exhausting and sometimes punishing.

GP stakes funds are targeting nearly three times 2019’s record fundraising haul, but the lack of predictability around exits may be keeping LPs from embracing the strategy.

Investor demand for new managers rests on the return of in-person meetings.

Deals boosted by General Atlantic’s investment in Turkey’s first decacorn set the scene for more activity in the country’s tech and media sectors.