North America

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.

Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.

The firm’s 2016-vintage Fund VI was producing a 2.03x DPI as of December 2023, according to PEI Group data.

The $105bn system's co-investment programme now makes up just over 10% of its private equity portfolio.

The new joiners, including ex-CDPQ senior director Philip Hunter O’Brien, will operate from the $41bn system’s Austin headquarters, CIO Yup Kim tells PEI.

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

'This is the best time ever for investing – and yet it’s hard to get capital,' says Ryan Hinkle, managing director of Insight Partners.

Regulatory scrutiny is likely far from over despite a court ruling the US Federal Trade Commission exceeded its authority in proposing a blanket ban on non-competes.

Big step-ups in the firm's recent fund sizes may be due to greater LP appetite for co-investing as a way to build private equity exposure on a no-fee, no-carried interest basis.