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Fundraising pressures, shifting fund terms and the rise of co-investments are reshaping the private funds landscape, says law firm Barnes & Thornburg.

Monday is Labor Day for our readers in the US, so we'll return to your inbox on Tuesday. In the meantime, a market mapping exercise for the world of private funds. Plus: EQT's first fundraiser is moving on. Here's today's brief, for our valued subscribers only.

Managers launching evergreen vehicles need to be well versed in fund domicile regulations and ensure appropriate investor protection mechanisms are in place, writes Veronica Aroutiunian, a partner at Loyens & Loeff Luxembourg.

Recent pension documents indicate the target for Adams Street Growth Equity Fund VIII has been set at $325m.

Another US endowment is proving that federal funding pressures don't have to result in private equity allocation cuts. Plus: Malaysia's sovereign wealth fund learns its lesson from an unfortunate venture investment. Here's today's brief, for our valued subscribers only.

Marondo Capital is targeting €250m for its second fund, which will invest in dual-use defence and critical infrastructure, PEI has learned.

Centre Partners’ capital raising might get a lift from the initial performance of Fund VIII, which as of March was earning a 54.8% net IRR, according to pension documents.

’We’ve discovered through our research if you have decision-makers that are diverse, then the capital will go to more diverse founders,’ says Christine Hockley of British Business Bank.

If you're reading this from the UK, we hope you enjoyed the long weekend. In today's brief, the Australian government is rethinking an LP performance test that could unlock billions for private markets; and a US foundation is going against the grain. For our valued subscribers only.