North America

When faced with criticism of its role in markets and society, the private equity industry has always been able to point to net returns as the ultimate vindication. In 2020 that won’t be enough.

The alternatives veteran was terminated for failing to disclose a workplace relationship, according to internal memos.

Brookfield's $9bn haul for its fifth flagship fund and KKR's €5.8bn for its fifth Europe buyout fund are among the largest funds closed during the month.

CFO Michael Chae and global head of ESG Alison Fenton-Willock explain how the firm gathers ESG data from the private equity giant's portfolio companies.

Upswing in sentiment was strong among endowments and foundations in North America, according to research from Rede Partners.

David Enriquez, head of private equity at the $208bn New York City Retirement Systems, talks co-investments, GP-LP best practices and the ‘white space’ it wants to fill in its portfolio.

OMERS Private Equity has recruited Jeff French as a director in its office in Singapore, Buyouts has learned. French joins from Blackstone Group, where he worked for more than six years as a PE investment professional. French operated from Blackstone’s Singapore office with a focus on deal activity in the Asia-Pacific region.

WLPs are lapping up mega-funds and emerging managers, making life tough for mid-market players seeking to raise capital, says Mounir Guen, chief executive officer of MVision.

Persistence Capital Partners Fund III, which is targeting C$225 million ($170 million), is expected to wrap up in the first half of 2020, a source said. Initial fund commitments came from a range of limited partners, including both new and returning Canadian institutions.

OMERS hired James Aw to serve in the newly created position of chief medical officer, a person with knowledge of the matter told Buyouts. He will work with in-house teams to support OMERS’ human resources, members services and investment objectives, the source said.