Manager strategy

LA Fire and Police Pension is not alone in sudden concern for an acronym that has become a flashpoint of controversy in America’s culture wars.

There are countless private markets firms that need a partner to help them grow in an era of scarce alpha and capital, says Arctos managing partner Ian Charles.

Los Angeles Fire & Police Pension Fund board members questioned whether the fund should remove the DE&I title attached to its emerging managers report, as fears of legal backlash from political opponents of the DE&I movement ramp up.

The UK pension plans to deploy around £5bn by 2030, investing in infrastructure, debt and private equity, through IFM.

The Gulf region's biggest private equity firm plans to scale its existing businesses, according to vice-chairman and CIO Rishi Kapoor.

Hunter Point Capital has acquired stakes in Pretium Partners, Coller Capital, Inflexion, L Catterton and The Vistria Group.

The firm, which split from venture giant GGV Capital in 2023, is seeking $500m for its debut hybrid capital fund, senior managing partner Jenny Lee and partners Ming Eng and Roger Zhang tell PEI.

Fund managers are increasingly focusing on specialisation in the dealmaking and operating stages in order to gain a competitive edge.

PAG has returned around $1bn on average in recent years, PE co-head Lincoln Pan tells PEI.

The buyout shop would consider such a merger to be an ‘enabler for portfolio companies’ rather than an exit route for management, CEO Jun Tsusaka tells PEI.