Managers

The Hong Kong-headquartered firm is seeking $8.5bn for BPEA Fund VIII, according to documents prepared for Rhode Island State Treasury.

Industry participants share their advice on how to make the transition to on-site work and business travel easier.

The deal, which involved buying fund stakes from Aberdeen Standard Investments, is the first of size for ICG's LP funds team, led by two ex-Pomona executives.

The private equity subsidiary of New York Life Insurance Company has lost six senior executives, including CEO Tom Haubenstricker and CIO Quint Barker.

CalSTRS has completed 36 commitments totaling $4.7bn in the first half of this year.

New York Life moved quickly to fill the roles, shifting responsibilities to leaders of some of its other “boutique” alternatives businesses, who will retain their existing roles as well.

The system’s national private equity portfolio underperformed the Cambridge US PE Index by 1.44%, even as the program experienced a $295m net gain in Q1.

Platinum’s single-asset deal would be one of several in the market, with an expectation that more will be coming as the secondaries market heads for record activity levels this year.

With cybercriminals constantly innovating, tech investors are assuming the worst and are looking beyond prevention to detection and rapid response.

Large asset managers’ participation in venture capital deals is nothing new. But it has only grown in recent years, and non-traditional investors are now going downstream even more, participating in outsized seed deals. The competition that has emerged will likely impact VC for years to come.