Manager strategy

The office is the firm's 10th globally and will initially focus on investor relations functions.

Getting to 'the next trillion', president Connor Teskey said, will be achieved by enhancing fundraising channels, scaling product offerings and building and buying new businesses.

The $258bn US pension wants to know whether a GP's performance is repeatable – something that's often down to the manager's expertise in sector specialisation, according to senior portfolio manager Wes Bradle.

The Securities and Exchange Board of India's latest guidelines are expected to help clarify grey areas in domestic borrowing practices, though uncertainties remain around subscription credit line usage.

As the issue of own capital at risk comes to the fore ahead of the UK October budget, Rami Cassis, chief executive of family-run office Parabellum Investments, argues GPs should be upping their skin in the game.

The target amount sought for Long Term Private Capital II could change, Private Equity International understands.

A difficult fundraising environment is giving LPs more leverage to negotiate issues such as key person time requirements and automatic termination of investment periods.

Elevated interest rates and an evolving value creation playbook is causing some investors to question whether managers can replicate their past performance.

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

HarbourVest now quizzes GPs about their views on NAV financing as part of its due diligence, managing director Lydia Hao tells PEI.