News

LPs will now decide whether to replace Novalpina Capital's debut fund GP with a third-party manager, or simply wind down the pool.

BCI generated a one-year return of 24.4 pct on its PE investments at the end of December, compared with a benchmark of 13.9 pct.

Michael Ricciardi had temporarily stepped out of leadership earlier this year at the start of an internal investigation into accusations of racial and sexual discrimination.

Macquarie Asset Management has closed its latest infrastructure fund at $6.9 billion.

Grafine Capital has raised $500 million for its fourth fund, according to an SEC filing.

The firm is expected to hold a final close around the fourth quarter.

The departure comes after the credit behemoth closed the acquisition of secondaries specialist Landmark Partners in June.

Both firms disclosed first closes on Tuesday for market-leading fundraises focused on investments that will address the climate crisis.

TPG has raised $5.4 billion for its inaugural climate fund.

CalSTRS has reported an eye-watering PE return as it pivots towards co-investing. Plus: What PE's biggest firms are paying their junior staff and regulatory risks to be aware of when conducting a GP-focused secondaries deal. Here's today's brief, for our valued subscribers only.