Manager strategy

In a world where private equity firms can no longer rely on leverage and multiple arbitrage, operational due diligence has become more important than ever, say LEK’s Claudio Molinaro, Sebastien Beausoleil and Tom Marshall.

Firms need to offer enough products to individual investors to match supply and demand, says Lionel Assant.

Pension funds and insurers – as well as GPs – are revising documentation to permit investment into assets that are off limits for many.

PGIM and Partners Group became the latest firms this week to disclose partnerships amid a trend of traditional asset managers and private markets specialists partnering to tap more non-institutional capital.

Delegates from QIC, Pantheon and Mubadala discuss their approaches to diversity, equity and inclusion at a time when the US administration is taking a more critical view of DEI initiatives.

A series of unfortunate events in Southeast Asian private equity have conspired with an uncertain macroeconomic environment to inspire greater circumspection around manager selection and deal protections.

The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.

Marondo Capital is targeting €250m for its second fund, which will invest in dual-use defence and critical infrastructure, PEI has learned.

The firm's Keystone strategy provides bespoke offerings to alternatives managers at the management company, fund and asset level.