North America

The alternatives asset manager had one of its strongest quarters, with total AUM rising 21% year-on-year to $649bn.

The $12.2bn pension made its first direct allocations to African private markets in 2019 after previous exposure via funds of funds.

Late-stage deals in Q1 accounted for 75.2% of deal volume, fueling exits and driving up deal values, according to the Q1 VC PitchBook-NVCA report.

IMCO generated a one-year net return of 34.2% from its PE investments last year, easily outperforming a benchmark of 9.3%.

The firm, which wants to raise more than $100bn by next year, has staffed up to focus more on individual investors, according to its co-president and co-COO.

The SEC has issued guidance on the booming SPAC market, and many believe that more regulation is coming. Will regulators step in before the market shows signs of collapse?

Representatives Maxine Waters of California and Joyce Beatty of Ohio included the two big private equity players among a list of 31 investment managers who received the letter.

The firm is understood to have hired an executive recruitment company to find professionals to build its business.

The PE heavyweight’s GP platform, which aims to back the next-generation of diverse managers, will provide both seed capital and working capital of more than a year to its GPs.

Ontario Teachers’ last year saw a change in its top PE leadership, with Karen Frank, previously CEO of Barclays Private Bank, replacing longtime head Jane Rowe.