Managers

LA Fire and Police Pension is not alone in sudden concern for an acronym that has become a flashpoint of controversy in America’s culture wars.

MSCI research points climate investors to the small – yet mighty – private markets universe.

The pacing set for 2025 is part of a long-term plan for the fund to reduce its private equity exposure down to its 5% target from its current mark of 8.9%.

Japan-focused funds raised $8.74bn in 2024 – just behind a record $9.3bn seen in 2020.

While some believe exit activity will pick up this year along with overall investment activity, PE-backed assets held in older funds continue to grow.

Appetite for co-investment has waned among many LPs, and GPs may begin paring back their offerings. Are the halcyon days of co-investment coming to an end?

A look at how notable co-investment funds from Hamilton Lane, HarbourVest and Adams Street have fared recently.

Blackstone Tactical Opportunities Fund IV secured north of $9bn of total investable capital as of the end of December, sources with knowledge of the fundraising told Buyouts.

The floodgates appear to be opening, but most managers have plenty of work to do if they want to reap the benefits.

The strategy will include raising a separate fund from New Mountain’s flagship vehicle, sources tell Buyouts.