Manager strategy

A GP needs specialist knowledge to find the best opportunities in the defence sector, says Claus Jørgensen, chief investment officer at Denmark's PenSam.

The executive order is not implementing new policy as much as it is confirming private markets’ roles in retirement portfolios.

Listed alts giants have recently attempted to temper expectations when it comes to tapping US defined contribution capital – a prudent move that behoves an enormous responsibility.

Apollo's Marc Rowan says in the world of 401(k)s, origination will be king. Plus: Hamilton Lane underscores the importance of bespoke approaches to 'retail' investors; and a New York pension is piling into PE. Here's today's brief, for our valued subscribers only.

Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

No SMA clients have yet sought to alter their exclusion lists in response to Europe’s defence opportunity, global head Ruulke Bagijn and global head of primaries Wendy Zhu tell PEI.

Strategic sales accounted for 26% of all private equity exit transactions recorded between January and June.

In this episode of PEI's Private Equity Spotlight podcast, Goodwin partner and co-chair of its UK business Ajay Pathak discusses the applicability of drawdown fund fee structures on evergreen vehicles and the logic behind tying incentive fees to both realised and unrealised NAV.

Tailored solutions – which in some cases include giving LPs the right to opt out of specific investments – may be difficult to implement in a commingled fund structure, according to a report.

Optimising exits in an environment where liquidity is challenging has become a mainstay in some managers’ playbooks.