Managers

On the back of a $7bn fundraise, co-founder and managing partner José Feliciano tells us where the special situations firm is seeing market opportunities amid the covid-19 pandemic.

In a letter to the $58.8bn pension's board, Jonathan Grabel said LACERA would stick to its investment pace and also look for unique opportunities.

Over the past few years, the firm repositioned its distressed investing and private equity teams closer together in preparation for market dislocation.

The mega-firm’s private equity portfolio was down 12% in the first quarter, with fundraising plans roughly on track.

GPs' abilities to react faster and PE funds’ strong governance framework are key reasons for the stability of the asset class during market volatility, according to eFront.

We examine the investment giant's private equity funds – the first in a special series looking at quarter-on-quarter performance amid the downturn.

Updated ADVs include sections specifically citing covid-19, warning about potential impacts on employees, sourcing new investments, supply chain disruption, sector vulnerabilities and inability to properly manage existing investments.

Take part in our fourth annual Emerging Manager Report, published by Buyouts in partnership with Gen II Fund Services, and get a complimentary copy once it's published.

PE Director Michael Bailey also said 15 percent of its managers' portfolio companies were facing trouble.

LPs decide whether to accommodate for the denominator effect or to sit tight and wait for the right moment.