North America

With more VC-backed start-ups choosing to stay private longer, liquidity to fuel recruitment and retention is in short supply. A new partnership between NewView Capital and Carta aims to make company-sponsored tenders easier to execute.

In today's edition, Blackstone's Schwarzman touts the US AI opportunity; ADIA backs a Saudi endowment's LP-led; Why the UK could go from 'net zero' to 'not zero'.

Manager selection is becoming increasingly critical as private capital enters the next phase of its life, writes Anthony Tutrone, global head of Neuberger Private Markets.

The largest US public pensions take markedly different approaches to rewarding investment staff as boards navigate talent competition, legal constraints and questions over private equity benchmarks.

In today's edition, ERS Hawaii mulls allocation reduction for private equity; Schroders smashes target of latest co-investment fund; A mixed picture for loan valuations.

Following headlines surrounding existential risks of AI, board members float idea of calling for expanding oversight on unchecked tech development.

The sovereign fund can write tickets up to $2bn per transaction, Josh Zhou, head of healthcare private equity for North America, tells PEI.

Meketa, consultant for $26bn system, and board members suggest smaller public market allocation than peers and roughly 50% exposure to privates came at a cost during prolonged bull market.

Senior wealth and asset management executives weigh in on the importance of liquidity management, investor alignment and scale in evergreen funds distribution at an industry conference in Paris.