Managers

The firm has received a licence to deal securities in Hong Kong just months after appointing its first head of Australia.

Scott Kleinman, co-president of the firm, said at an industry event on Wednesday that the real obstacle is sellers being unwilling to accept the price the market is offering.

The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.

The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.

For the energy private equity firm, which has a direct investment model, traction on the fundraising trail may owe to performance.

The changes come as Blue Sea, formed by Richard Wandoff and James R Davis Jr, targets $550m for its fourth fund, Buyouts previously reported.

Fund VI’s target size marks a 25% increase from its predecessor, which closed in 2024 with $600m of capital.

KCGI Private Equity is expected to launch Fund II in 2027, managing director Taeyoung Chung tells PEI.

Promoted to IMCO’s head of private equity in 2024, Elia believes that after roughly five-plus years of outsized growth the PE program is now ‘entering a more mature phase.’