North America

The illiquidity of many institutional LPs is ‘scary,’ MacArthur said in a recent podcast. 'We’re not even in a recession and yet we’re hitting a number that is correlating to the worst recession in 75 years.'

There is an often-overlooked $17trn market where the mid-market and smaller managers can compete within their own weight class for retirement capital, writes Eric Satz, founder and CEO of self-directed IRA platform Alto.

The $25bn pension expects to use both the GP-led and the LP-led markets to offload indirect private equity exposure.

Fundraising pressures, shifting fund terms and the rise of co-investments are reshaping the private funds landscape, says law firm Barnes & Thornburg.

Managers launching evergreen vehicles need to be well versed in fund domicile regulations and ensure appropriate investor protection mechanisms are in place, writes Veronica Aroutiunian, a partner at Loyens & Loeff Luxembourg.

Another US endowment is proving that federal funding pressures don't have to result in private equity allocation cuts. Plus: Malaysia's sovereign wealth fund learns its lesson from an unfortunate venture investment. Here's today's brief, for our valued subscribers only.

If you're reading this from the UK, we hope you enjoyed the long weekend. In today's brief, the Australian government is rethinking an LP performance test that could unlock billions for private markets; and a US foundation is going against the grain. For our valued subscribers only.

Staff at Texas endowment with $60bn in AUM ‘likely to recommend’ higher target after steadily building to 20% exposure for private equity.