Managers

The firm held a final close on Cathay Innovation Fund II on €650m last month, more than doubling the firepower of its 2016-vintage Fund I, founder MingPo Cai tells PEI.

The secondaries market has quickly moved from traditional sales of LP portfolios to transactions that give GPs more time with certain assets while allowing LPs in older funds to grab liquidity.

The $63.8bn pension has been looking to increase its co-investment activity over the last year or so.

Energy Capital Partners "might be in a position to launch Fund V in the second half of 2021,” founder and senior partner Doug Kimmelman told Buyouts.

The bank is reducing the stress capital intensity of its businesses by selling balance sheet private equity investments, chief executive David Solomon said on the firm's earnings call.

Our interactive presentation breaks down private equity capital raising by strategy, geography, manager and more, and includes a list of the biggest funds in market as of January 2021.

CIO Jim Grossman told the $63bn pension's board that staff would focus on slower private equity pacing to reduce its allocation for now.

The process fell apart once the pandemic broke out and markets shut, which had an impact on CAA’s business with live events and entertainment production delayed and canceled.

The private markets firm, which had de-prioritised exits in the second half of 2020, saw more divestments in Q4 driven by greater stability in market prices.

Drivers of 2020 fundraising – remote marketing, an LP preference for incumbents and hot strategies like secondaries and tech – are likely to also feature prominently in this year's market.