North America

The firm is part owned by Capital Constellation, a GP seeding JV between the Alaska Permanent Fund, RPMI Railpen and Wafra, which acquired a minority stake in 2018.

The leadership changes on the firm's small-cap and mid-market funds are understood to have not required key-person approvals by limited partners.

Fundraising launched in the fourth quarter of last year and was entirely virtual in an Evercore-advised process.

The move comes as the buyout firm seeks to raise its biggest-ever flagship fund.

The firm has held the final close on its latest co-investment fund in a year where co-investment appetite and deal opportunities are expected to rise.

David Layton, who will become Partners Group’s sole CEO in July, speaks to PEI about the leadership change, opportunities in the defined contribution market and why SPACs have been ‘overdone’.

The $445bn pension's commitments to the lower-fee structures significantly dwarfed its fund commitments in its latest investment report.

Special purpose acquisition companies are both an opportunity and a threat, interim chief investment officer Dan Bienvenue tells the pension’s investment committee.

The fund, backed by existing and new LPs, gives the firm $1.5bn in total AUM. Partner Chris Arsenault says the firm came to market with the vehicle sooner than expected.

Firms with the means and resources can access the US retail market via the 1940 Investment Companies Act, which them to raise non-institutional capital.