Funds of funds

Partners Group states "their portfolios are healthy and they have sufficient liquidity in line with the target allocations."

The $11.2bn independent wealth manager is targeting a fund of funds approach, with a portion dedicated to co-investment and direct investing.

PEI's latest tally of the most active participating placement agents shows a total of $82bn in new capital raised for GP clients last year.

Twin Bridge set its fundraising goals for Fund VI lower than it did for its last fund, but still beat its initial target by $55 million.

Ashley Baum, a managing director of the $230bn public pension, suggests direct approach is about making more selective bets in PE, not reducing fees.

The firm is eyeing more appointments in Hong Kong and Singapore soon, Asia investor relations head Chris Cho tells PEI.

California pension has relied on a pair of funds of funds managers, Abbott and Pathway, to make investments in its PE portfolio since its inception two decades ago.

Manager consolidation, HNWI-focused insurance products and a China rebound are on the cards for APAC private equity markets this year.

Brooks Harrington, CIO, private equity at Federated Hermes, explains that the institution takes a 'deal first' approach to backing independent sponsors and building new relationships.

China’s private equity market is ‘already seeing a lot more activity’ in verticals relating to AI, Marc Lau, managing partner at the fund of funds, tells PEI.