Managers

Breaching the $1bn mark is a milestone for a firm that prefers to conduct business without much fanfare.

NB Private Debt Fund IV is already approaching the size of its predecessor, closed in 2019 at $1.7bn.

Staff told the $183bn pension's board that its portfolio's concentration in technology investments contributed to an outperformance of its benchmark.

Across the industry, ownership structures are being tweaked or circumvented as many owners find more value in extending holds on businesses they already know.

The shift to remote work during the pandemic has meant 'doubling down on commitments' to portfolio companies, operating partners said at a recent Private Equity International virtual event.

Florida's in-state program is split between two different managers and several different tranches dating back to 2009.

A reordering of the post-pandemic economy will occur over the next year. It’s hard to see the economic downside of life returning to an old – but hopefully wiser – normal.

Private equity funds focused on the region were targeting $121bn as of mid-January, roughly 50% more than those targeting Europe.

The appointment comes as the sports-focused firm seeks to raise more than $1.5bn for its debut fund.

The firm, which has closed several deals in recent months, is eyeing a first close in May.