News

Monday is a public holiday in the US – Side Letter will return to your inbox on Tuesday. This morning's edition looks at how one of Europe's largest wealth managers is using tech to streamline PE processes for individual investors. Plus: The US regulator has turned its attention to the definition of accredited investors and France's Apax has named a new Italy head. Here's today's brief, for our valued subscribers only.

Fundraising in South Korea requires resources, attentiveness and patience, though the country should prove to be fertile ground for the foreseeable future, writes Albert Jun, partner at Monument Group.

The management change comes as the relationship between LPs and GPs becomes a focus for regulators.

Pacing remains rapid for one of the nation’s largest public pension funds.

Private markets fund leaders are fretting about inflation and talent management. Plus: Only a minority of finance professionals believe private fund managers are adequately prepared for the SEC's proposed overhaul; and Mississippi's public pension system is dealing with the denominator effect. Here's today's brief, for our valued subscribers only.

Some large processes are hitting delays as pricing is shifting in the changing markets, and building large enough syndicates for mega-deals has become challenging.

Many public pension plans have increased targeted allocations despite an uncertain market.

The fund's LPs include university endowments and foundations, pensions, insurance companies, and family offices.

NMSIC cut its commitment to Fund V due to the outperformance of investments in prior TDR funds, showing that even top managers are facing cutbacks.

The fund's limited partners include public pensions, corporate pensions, insurance companies, healthcare companies, multi-manager funds, consultants, and family offices.