News

Tender offers are a way for a GP to give existing LPs liquidity optionality while also providing a surge to a new fund trying to hit its target.

The Mid-Cap team is led by managing partners Lionel de Posson, who joined from Sun Capital, and Edouard Pillot, who formerly worked at KKR.

StepStone plans to integrate the Greenspring team into its existing venture and growth practice, including setting up a joint investment committee.

More than one-third of GPs expect full normalisation of cross-border dealmaking before the end of this year, according to a report from corporate services provider Auxadi.

The Glass Lewis deal helped put PCM on the map. “You don’t often have the opportunity to acquire a global brand, especially the number-two player in a two-player market,” managing partner Faraone said.

With the market recovery, and more pricing certainty, LP portfolios were expected to come back in a big way this year.

A recent report from Proskauer Rose shows GPs have greater autonomy on term extensions.

The bill, sponsored by Democrat state senator Paul Sarlo, gives authority to the state treasurer to determine the director’s salary.

Avesi, which is marketing a debut fund, will make control investments in lower mid-market companies in healthcare services, healthcare tech and business services sectors.

A few of my sources explained they have blown through their annual commitment budget already (halfway through the year) and may not be looking to make any more commitments until next year.