Private Equity

News

CPPIB's PE net income more than halved in last fiscal year

The pension giant’s PE portfolio suffered an almost $5bn annual drop in net income due in part to the impact of the coronavirus pandemic.

3 min read · 28 May 2020

Stellex targets $1.25bn for new fund as covid crisis has 'increased the opportunity set'

Stellex was founded in 2014 by two Carlyle veterans and focuses on investments in "underperforming or mismanaged lower and middle-market businesses."

2 min read · 28 May 2020

Side Letter: CPPIB's savvy sales, LPs feeling liquid, Sustainable sub lines

Luck or judgment? Either way, CPPIB has made itself look smart with the timing of some big PE portfolio sales. Plus: sustainable credit facilities and more intel on LP liquidity. Here’s today's brief, for our valued subscribers only.

3 min read · 28 May 2020

OpEx Awards 2020 - entry deadline extended

Highlight your value creation credentials by submitting an entry for PEI’s annual Operational Excellence Awards

2 min read · 28 May 2020

Ares settles with SEC for $1m over inadequate policies around non-public information

The charges stem from a public company investment Ares made in 2016 through equity and debt.

2 min read · 27 May 2020

New Mexico commits $75m to New Mountain Capital fund

The PE firm has raised more than $17bn of committed capital across five of its previous funds.

2 min read · 27 May 2020

CVC explored adding secondaries investment unit

The private equity and private credit giant is one of several to have considered adding the strategy to its offering.

2 min read · 27 May 2020

Want to avoid clawback risk? Three things to consider

Fund age, available cash reserves and the sharing of carried interest can have a big impact on GPs having to return performance fees.

3 min read · 27 May 2020

Side Letter: CVC and secondaries, TPG healthcare hire, retail exposure guess who

2020 was going to be the year that more mega firms got into the secondaries business. Has covid-19 put a stop to that? Here’s today's brief, for our valued subscribers only.

3 min read · 27 May 2020

University of Michigan approves $50m in commitments

The US endowment has backed multi-regional focused funds.

1 min read · 27 May 2020

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