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'When you pay all-time high prices, it tends not to be a good thing,' Blackstone’s chief administrative officer told Virginia Retirement System board members.

In its 2022 annual report, OMERS attributed its overall PE performance to “organic growth in our portfolio EBITDA, coupled with our accretive M&A activities.”

Macroeconomic shocks continue to inject uncertainty into the market, making it tough for buyers and sellers to come to terms on pricing.

The fund targets infrastructure projects, renewables, power and water, social infrastructure, telecommunications and transport and logistics sectors.

The offering will combine JPMorgan’s investment banking services and Campbell Lutyens’ global placement and secondaries advisory platform, the two firms tell Secondaries Investor.

No placement agent was used.

Democratisation could drive $10 trillion of private equity inflows, according to Partners Group. Plus: GPs must be careful not to fall afoul of the SEC's new marketing rule in this challenging fundraising environment; and Arizona is turning on the co-investment tap. Here’s today's brief, for our valued subscribers only.

The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.

The fund closing is impressive at a time when most funds are taking longer to reach their goals.

The system eyes steady growth despite the uncertainty in the broader economy.