News

“While we believe that we will attract a significant amount of capital for our next vintage of buyout funds, we no longer expect these funds in the aggregate to be the same size as their predecessors,” CFO Curt Buser said.

The buyout giant’s new chief executive plans to instil more discipline around operations, noting 'we are not going to rush', according to the firm's Q1 earnings call.

Monday is a bank holiday in the UK due to King Charles's coronation this weekend, so Side Letter will return on Tuesday. For now, institutional investors face a knowledge gap when pondering an entry into private markets. Plus: nice news for niche investors. Here’s today's brief, for our valued subscribers only.

The Japanese philosophy of kaizen – a constant focus on improvement – will be key to replicating software specialist Hg’s success over the coming decades

LP sales were expected to kick off a resumption of robust secondaries activity after a slowdown late last year, but external factors like the collapse of Silicon Valley Bank have continued to keep activity muted.

GPs will soon have to report on sponsor-initiated secondaries deals within 60 days from the end of each quarter, after the US regulator voted through the proposals Wednesday.

Folium Fund II will invest in climate-focused agriculture and forestry assets.

Investindustrial Growth III will invest in European lower mid-market companies.

A vote today on private fund reforms could set the tone for a far more significant overhaul down the line. Plus: Investindustrial has closed its third growth fund; and European fundraising defied macroeconomic uncertainty to break records last year. Here’s today's brief, for our valued subscribers only.

City of San Jose Police & Fire Department Retirement Plan has outlined its private equity pacing plan for the 2023/24 fiscal year, per a recent investment committee meeting document.