North America

‘The private equity industry has been subject to a public discourse that makes the industry a convenient target, but not a valid one,’ Simpson Thacher partner Abram Ellis says.

The Canadian pioneer of institutional direct investing is launching a global private equity funds strategy with long-time exec Michael Graham set to retire.

The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.

The $257bn pension has been seeking alternatives to secondaries sales to avoid taking massive discounts in such transactions.

Getting to 'the next trillion', president Connor Teskey said, will be achieved by enhancing fundraising channels, scaling product offerings and building and buying new businesses.

Julia Kohen and Jennifer Levitt will succeed Mary Touchstone, who helped to establish the group.

The $258bn US pension wants to know whether a GP's performance is repeatable – something that's often down to the manager's expertise in sector specialisation, according to senior portfolio manager Wes Bradle.

Fund II has both domestic and offshore structures, meaning the total amount sought could be even larger.

Secondaries fundraisers find success through specialisation.

An influx of new technologies into the African market is powering a wave of investment opportunity on the continent, says Tope Lawani, co-founder and managing partner at Helios Investment Partners.