Managers

As private equity firms increasingly target leading sports brands, a new kind of playing field emerges for investors.

The firm is considering the strategy at a time when several traditional private equity buyout firms have expanded their capabilities into GP-led secondaries, while others are making moves into the space.

The law firm secured lead position by aggregate value of capital raised at $187bn, followed by Kirkland & Ellis and Linklaters.

‘LPs now would favor a slightly lower return with a current distribution than a potential higher return in a future distribution,’ says managing partner William Barrett.

With the possibility that exits will not be making a comeback this year, PE’s IR professionals have quite a challenge ahead of them (especially those fundraising, but not just them).

While continuation vehicles may not always be the optimal solution for sponsors and LPs, other attractive liquidity solutions are gaining in popularity, writes Todd Miller, partner at W Capital Partners.

The decision to raise the target allocation was attributable to both the fund’s existing private equity allocation and in anticipation of a more favorable investment environment, according to the pension fund’s private equity adviser, NEPC.

Level Equity is offering a management fee discount to LPs who invest in Fund VI’s first closing, a practice that has become increasingly common in a tough fundraising market.

A squeeze on other exit routes means there will be greater use of such vehicles in 2025, according to survey findings.

The fund expects to commit an average of $345m per year to private equity over the next five years, according to board documents.