Managers

Getting to 'the next trillion', president Connor Teskey said, will be achieved by enhancing fundraising channels, scaling product offerings and building and buying new businesses.

CERS’s investment committee approved a new plan that would drop the retirement system’s allocation to private equity to 8% from 10%.

The write-down will not impact Alaska Permanent’s private equity strategy, a spokesperson told Buyouts.

Any hint of drift, or hiccup in performance, or even drama in the ranks, could be a reason for an LP to skip out on the next fund. It’s a precarious environment right now.

The private equity asset's underperformance has created a 'drag' on the overall fund performance over the past year, with the fund’s total return amounting to 6% over that period.

As part of the process, the firm is letting go of some staff, including managing directors Helen Chiang and Loren Easton, who have moved into senior adviser roles.

Fund II has both domestic and offshore structures, meaning the total amount sought could be even larger.

The system set pacing for private equity commitments at a range of $550m-$1.05bn for the next fiscal year, making up a significant portion of its overall target commitment pace of $2.5bn-$4bn.

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

After exiting an early childhood education provider and acquiring another one, Avathon Capital makes a foray into professional learning with the purchase of a healthcare education provider.