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A Malaysian pension giant has its work cut out to reach its ambitious private equity target. Plus: a Schroders joint venture is hoping to lure more UK pension capital into private markets. Here's today's brief, for our valued subscribers only.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

Co-investment stakes included in GP- and even LP-led secondaries have become more prevalent as even direct investing LPs seek liquidity in the slow exit environment.

The fund oversubscribed on its $4.6 billion hard-cap, head of investor relations Craig Larson said, putting KKR in 'a pretty advantageous spot at the moment.'

The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.

Silver Hill IV's limited partners include endowments, pension funds, medical and family foundations and family offices.

The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicles and anticipated leverage.

Barnes & Thornburg study finds that investors are pressuring GPs on succession planning and AI, but fund managers are not buckling.

Fundraising commenced last year and was essentially finished around year-end but stayed open to allow in last-minute investors.