Manager strategy

Some LPs have been frustrated by what they describe as a loophole in the GPs’ ostensible 80-100% management fee offset.

The facility would be intended to support value accretive add-ons rather than to distribute capital to investors, PEI understands.

Japan could be in contention for Advent’s next stage of Asia-Pacific expansion after the firm’s newly opened Australia office, India head Shweta Jalan tells PEI.

Companies with lower earnings growth tend to have higher valuation multiples than their better-performing counterparts, according to a report published by Clipway.

A larger proportion of the firm's latest flagship will go towards control investments, partners Gaurav Ahuja and Ashley Menezes tell PEI.

The $94bn asset manager is set to roll out its Generative AI Investment Analyst across primaries, secondaries and other asset classes, CIO Nils Rode and head of private assets data insights Graham Taylor tell PEI.

The firm asks GPs to ensure the limited partner advisory committee is consulted on the use of NAV facilities, co-chief executive Juan Delgado-Moreira tells PEI.

Separately managed accounts create 'solutions for headaches that people have', AltamarCAM CEO José Luis Molina tells PEI.

The firm has set a €400m hard-cap for ArchiMed MED Rise, according to documents prepared by a US pension.