Manager strategy

The SoftBank chief had received permission for a similar programme in Vision Fund 1 – a plan that was scrapped after colleagues pulled out.

Growth in separate accounts and retail evergreen products means the investment firm’s carry mix will change, its vice-chairman said on its latest earnings call.

With the firm Advanced Technology Ventures getting hit by a cyberattack in July, a light is being shown on how vulnerable the venture community is.

Details of COO David Breach's appointment to the role were disclosed in a letter to investors seen by Private Equity International.

Affiliate title Secondaries Investor first reported in May 2020 that CVC had been in talks with potential candidates about building a secondaries business.

Increasingly litigious interactions and overt hostility at Novalpina has increased the appeal of a possible third-party replacement, PEI understands.

The private equity giant on Tuesday said it will acquire a minority stake in Chicago-headquartered GTCR.

The firm launched a longer-hold PE strategy early this year and is readying a similar vehicle focused on core infrastructure.

The acquisition is at least the fourth this year by a large firm looking to get in on a rapidly expanding market.

The new entity – Bee Alternatives – plans to raise approximately $280m across two feeder funds, one managed by the firm and another by Ant Capital.