Managers

Rajpa,l a 20-year Goldman Sachs veteran, set up GrowthCurve in December to make control investments in businesses in financial and information services, healthcare and tech sectors.

The firm announced earlier this month it hired Bobby Bassman and Ravi Sarin as co-heads of AEA Growth.

Blue Owl's co-president speaks to Buyouts about the new firm's growth plans, the upshot of legal efforts to stop the Dyal-Owl Rock merger and Fund V's progress.

The $70bn pension's CIO said staff is prepared to handle the enhanced level of risk.

The skill set needed for GP-led deals is a hybrid of a direct investor and an LP – and right now the market doesn't have enough bodies, or capital, to keep up with deal flow, say Nigel Dawn and Andrew Hawkins.

The $412bn pension's recent moves to integrate its PE activities and expand the program's global reach appeared to bear fruit in the 2020-2021 fiscal year.

LPs, who may already be committed to an older fund that is subject to a secondaries process, can also choose to directly invest through a passive co-investment in assets moving out of the fund.

Such deals give the GP more flexibility not only to hold assets longer out of older funds, but also fresh capital to continue growing the business.

Insignia’s inaugural fund, closed in 2016 at $358m, was anchored by Los Angeles County Employees’ Retirement Association.

Staff said they are seeing more GP-led secondaries than they have in the past, and are expecting to see more in the future.