Managers

While evaluating whether the more holistic approach to investments would be suited for the $230bn pension, the CIO said he was dubious about expected outperformance under the new approach and other suggested benefits.

The California pension’s board, after voicing skepticism about the fund’s increasing PE exposure last month, grilled its consultant on subpar near-term performance.

The Tokyo Stock Exchange is increasing minimum market capitalisation for companies listed in its Growth Market section to ¥10bn by 2030.

Schroders Capital, the private capital arm of Schroders, manages more than $25bn in private equity assets.

Even after excluding Ardian's $30bn raise – the largest vehicle raised from the dataset – secondaries funds still recorded the highest average size in 2025.

Buyouts has seen a significant number of lower mid-market private equity firms overcome elongated fundraising, which last year averaged 18.6 months in the North American industry.

Fund II built on the firm’s initial fundraise that closed in 2024, growing the LP base to 10 from four original backers, the note said.

From Japan Post Bank’s former private equity head to a buyout shop delivering 4.4x, PEI presents a rundown of seven managers you should probably get to know.

The financial adviser’s white paper indicates that higher returns and only moderate risk await LPs who take the plunge into Fund Is.

The fund's predecessor is understood to be around 50% deployed across at least nine investments.