Managers

If Oaktree Opportunities Fund XI meets or surpasses a $15bn target, it will be the second-largest distressed debt vehicle on record.

The private equity stalwart has appointed former Investec fund financing veteran Tom Glover to help grow a GP and NAV-based lending strategy.

The $22bn system was already underweight in private equity, but CIO Rod June assured the board it would be able to get to the target over the next few years.

Vision Fund II launched in 2019 and failed to secure third-party commitments on the back of the underwhelming performance of its 2017-vintage predecessor.

Fund II is seeking roughly the same amount raised by Mountaingate’s inaugural fund, closed in 2017 at a $395m hard-cap.

The need for transparency, always a vital aspect of executing a GP-led deal, takes on greater significance when external M&A buyers express interest in picking off choice assets.

C LaRoy Brantley's comments come as the $90bn pension seeks to conform to a new law requiring greater diversity among its investment managers.

GP-led deals that shift assets out of older funds, giving managers more time to manage the investments, accounted for a large chunk of total volume in 2020.

EnCap's inaugural energy transition fund marks one of the few examples of a long-time investor in hydrocarbons raising LP money for a low-carbon platform.

Brookfield’s special investments strategy, much like Blackstone's tactical opportunities, was set up to invest in assets and businesses that fall outside the scope of the firm’s flagship funds.