Managers

Cornell Capital Partners II, which has not yet secured commitments, comes less than two years after the close of the firm’s inaugural multi-asset buyout fund at $1.3 billion-plus.

Substantial minority capital on the balance sheet lends financial capabilities to managers second only to those afforded to “the largest public guys,” Dyal Capital Partners head Michael Rees told Buyouts.

Apollo’s private equity portfolio depreciated by 21.6%, with several vehicles across the platform facing clawbacks.

The operationally focused firm is closing in on the $13bn target for its latest flagship during a tough fundraising environment.

While there have been fewer meetings, and they are on Zoom, there are meetings, and they have been productive towards advancing raises forward.

This perception has led to the damaging policy decision barring most private equity-backed companies from accessing US government funds meant to preserve jobs.

The pension's private equity program is still in its "development phase," but its consultant believes sticking to the plan during the market dislocation could prove profitable.

The investment giant categorised about 30% of its $80.4bn PE portfolio as highly impacted by the coronavirus pandemic, which drove most of the quarter’s depreciation.

Christian Sinding discusses why private equity should get access to state aid during the crisis and how it balances the interests of its companies and LPs.

Businesses from the hospitality, food and technology sectors sought out loans.