North America

The impact of recent consolidation across alternative assets is being felt in GP stakes portfolios, which have grown substantially in the past decade.

Kirkland & Ellis lead on aggregate value and volume in our latest ranking of the most active law firms in private equity.

The US’s second-largest public pension also approved a plan allowing it to leverage its total fund.

Many LPs are still tepid on the final rules and still appear to want the US regulator as a referee.

Christopher Ailman, one of the longest serving public CIOs in the US, has been instrumental in growing the pension’s private markets portfolio and continues to shine a light on sustainability and ESG.

The acquisition lays the foundation for a one-stop shop for clients of both organisations, Andy Lund and Matt Swain tell PEI.

GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.

Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.

PEI gathers market forecasts from leaders at Alaska Permanent Fund, Florida State Board of Administration, State of Wisconsin Investment Board and more.

In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.