North America

If BCTF reaches its $5bn fundraising target, it could be the largest emerging markets-focused climate impact fund in private markets.

With SEC rules scuttled, the Institutional Limited Partners Association is seeking 'something that the industry can work together on collaboratively', according to its managing director of industry affairs.

Elevated interest rates and an evolving value creation playbook is causing some investors to question whether managers can replicate their past performance.

The firm raised $68bn in Q2, bringing inflows over the past 12 months to $140bn, Brookfield’s highest ever in a 12-month period.

LPs are increasingly pushing for bespoke fund terms, creating added complexity for back-office functions.

Headwinds were likely caused by the continued transition to higher base interest rates and a slow-down in M&A activity.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.

Alaska Permanent Fund is looking to revamp its private equity portfolio with better-performing managers. Plus: Eurazeo's wealth bet is starting to pay off; and European GPs are striking larger deals. Here's today's brief, for our valued subscribers only.

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