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Kirkland & Ellis lead on aggregate value and volume in our latest ranking of the most active law firms in private equity.

Apollo has reduced fees on a private equity fund extension following pushback from LPs. Plus: Ardian is seeking more time to raise its latest megafund; and a start-up is hoping to connect US GPs with a broader range of sub line providers. Here's today's brief, for our valued subscribers only.

The $140bn sovereign wealth fund’s CEO Dr Raphael Arndt attributed the quarterly drop to currency issues and write-downs.

MEIF7's limited partners include pension funds, insurance companies, sovereign wealth funds, asset managers and fund of fund investors.

EQT's chief executive reckons the industry's heightened focus on value creation might catalyse consolidation. Plus: why discounts in Chinese secondaries might not be all they appear; and meet one of the private markets' most bullish foundations. Here's today's brief, for our valued subscribers only.

The US’s second-largest public pension also approved a plan allowing it to leverage its total fund.

Buyers need to understand the fundamentals of Chinese secondaries before evaluating discounts, according to Coller Capital’s Zhan Yang.

Covenants and leverage are much tighter in loans to sponsors across the region, according to head of APAC private credit Celia Yan.

In today’s tougher fundraising environment, LPs have become more vocal and aggressive pushing back on terms and other aspects of the industry they feel create misalignment with their GPs.