Managers

Surprise turnaround may signal revival of state ‘crackdown’ on asset class.

The buyout shop would consider such a merger to be an ‘enabler for portfolio companies’ rather than an exit route for management, CEO Jun Tsusaka tells PEI.

"If anything, there are a lot more people who are trying to tap emerging managers now, whether that be Funds I, II, III, or even pre-fund."

The pension's overall private markets allocations are oriented toward a strong early distribution strategy, according to its pacing plan.

Buyout, growth equity, venture capital, secondaries and other private equity funds raised $501bn as of December 31, down 21% from $631bn secured in 2023.

Amit Agarwal, who stepped down as president of Datadog at the end of 2024, has been named a general partner at Iconiq Growth.

Fundraising dropped 18% from 2023, driven by a quiet second half and muted activity in Asia-Pacific.

SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.

Launched in the final months of 2024, Niobrara Founders Fund has already secured $485m, or almost two-thirds of the target.

If Carney jumps into the world of politics, he will be part of a select group of senior general partners who have made this shift.