News

'We went from everybody wants to have an ILPA template to everybody wants ILPA-plus,' Petra managing partner Stephen Coats told Buyouts.

While LPs face multiple challenges, especially from slowing cashflows from their PE portfolios, they remain interested in building exposure to the asset class.

The system’s desire to overhaul its private equity program continues even as it awaits a new chief investment officer.

Rolled out late last year, Fund VIII is set to be 31% larger than its predecessor, closed in 2020 at $535m, ahead of a $425m target.

Secondaries advisory has become a desired function at investment banks, and many smaller, mid-market focused financial institutions brought on secondaries talent in recent years.

A raucous labor dispute in California is dragging in private equity.

The system recently switched EM managers in order to increase graduations to its core fund.

The continuation fund for global life science ingredients distributor Barentz is understood to be around €850m in size.

The deal is an example of the kind of complex transactions LPs can use to capture liquidity from their private equity programs at a time of slow exit activity.

The two firms have registered fund management businesses with the Asset Management Association of China – a legal requirement for raising capital or investing onshore.