Managers

Nearly a quarter of capital commitments for Freya XII came from US investors.

Many primary market LPs continue to be skeptical of continuation vehicles. But evergreen funds are already proving an all-but-insatiable source of demand for them. GPs will only be more incentivized to come to market, as a result.

The pension fund increased its private equity target range in the hopes of giving investment staff the leeway to make up a 5.5% shortfall in its allocation.

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.

Firms need to offer enough products to individual investors to match supply and demand, says Lionel Assant.

In some cases, LPs are leaving long-term relationships with managers that have not paid off in ways they expected, creating opportunities for new players.

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

Semi-liquid fund structures allow private market exposures to link into model portfolios more easily, according to Johnathan Seeg, global co-head of BlackRock Private Equity Partners.

The fund is expected to wrap up in December of this year.

This year and last, some of private equity’s best-known specialists in healthcare investing closed funds above their targets, perhaps owing to revived dealmaking in the sector.