Managers

The private equity industry is evolving – let us know which firms have stood out in the past year and been at the forefront of leadership and innovation.

From bad leaver clauses to provisions on launching successor funds, protections are in place for investors backing first-time funds, a panel has heard at Unigestion’s emerging managers conference.

Starlight Capital, led by Eastern Bell co-founder Tao Tang, is in market with two early-stage funds.

With $16.8bn in the bank, the fund may be on track to become the largest ever raised in KKR’s 45-year history.

The firm expects to more than double capital raised from the private wealth channel in the near term, said co-chief executive Scott Nuttall on the third-quarter earnings call.

Carlyle, which declined to comment, has not yet announced a final closing, suggesting that Fund II remains in the market. The vehicle’s hard-cap is not known.

Traditional LP portfolios have come back to market in the second half of the year and are expected to help drive overall secondaries volume to record levels.

The strategic partnership is the first investment the Investcorp Strategic Capital Group has made into a real estate manager.

This theme is being embraced by investors across the spectrum and could be a boon for payors, providers and, most importantly, patients.

Some Chinese private equity managers are tweaking their investment focus amid growing domestic and international concern over the potential impact of Beijing’s regulatory crackdown.