News

New faces that are attracting capital in very lean times.

While much of the market is struggling to return capital back to LPs, newer, smaller PE managers have multiple paths to exit. With strong performance, the future looks bright for the newbies.

For LPs, one of the main concerns is, when did the GP know about a potential exit of a CV asset? And was that knowledge communicated to LPs who have to make the sell/roll decision?

In a tough capital-raising market, GPs are offering more incentives to LPs. This seems to be the approach taken by Constitution, which is offering a 50% fee discount to early investors in Ironsides VII.

A quick exit out of a continuation fund can also raise questions about whether a GP knew about a potential exit even while pursuing the continuation fund, or if the offer came out of the blue.

Truelink appears to have hired another Platinum Equity executive, Peter Schultz, who left the firm this month, according to his LinkedIn profile.

A key to the global push is KKR’s newly formed Human Capital Center of Excellence, which will co-ordinate the 'whole effort,' Pete Stavros, co-head of global private equity, told Buyouts.

The firm plans to launch its Core Private Equity product this year and will invest via secondaries, according to CIO and CEO Beno​ît Durteste.

Some 38% of GPs offered early bird discounts on management fees in 2023, a marked increase from 18% the prior year, according to research from the law firm.

The $1.6bn BPEA EQT Mid-Market Growth Fund is nearly 18% deployed across four deals, two of which came from India, partner Nicholas Macksey tells PEI.