Managers

Uncertainty abounds as endowments scramble to adapt to government policies, sluggish dealmaking and diminished exits.

The 100 biggest investors allocated a whopping $1.41trn to the asset class as of the end of December 2024, according to Buyouts data.

Despite some immediate headwinds, Asia’s private equity landscape could stand to benefit from the Trump administration’s tariff policy.

The illiquidity of many institutional LPs is ‘scary,’ MacArthur said in a recent podcast. 'We’re not even in a recession and yet we’re hitting a number that is correlating to the worst recession in 75 years.'

The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.

There is an often-overlooked $17trn market where the mid-market and smaller managers can compete within their own weight class for retirement capital, writes Eric Satz, founder and CEO of self-directed IRA platform Alto.

Managers launching evergreen vehicles need to be well versed in fund domicile regulations and ensure appropriate investor protection mechanisms are in place, writes Veronica Aroutiunian, a partner at Loyens & Loeff Luxembourg.

Recent pension documents indicate the target for Adams Street Growth Equity Fund VIII has been set at $325m.

Marondo Capital is targeting €250m for its second fund, which will invest in dual-use defence and critical infrastructure, PEI has learned.

Centre Partners’ capital raising might get a lift from the initial performance of Fund VIII, which as of March was earning a 54.8% net IRR, according to pension documents.