Manager strategy

The $1.15trn sovereign wealth fund is also centralising data using AI across its private equity portfolio amid persistent geopolitical instability, said operating partner Jose De Ochoa at a PEI conference.

The Total Return Strategy plans to hold businesses for up to 12 years and will focus on immediate cash yield in addition to long-term equity appreciation.

Advantage’s ambitious plan coincides with the sale of a 5% equity stake to Australia’s Pinnacle Investment Management in January.

Operational resilience is becoming a strategic priority for managers amid intensifying AI adoption.

Alpha-seekers would consider a quality GP regardless of its geographic focus, head of Asia-Pacific private investments Vish Ramaswami tells PEI.

The New York-headquartered firm has launched a strategy focused on private equity investments in European defence, security and strategic resilience businesses.

The software giant will run off its Growth Fund and will not raise another vehicle for the strategy, with the two co-heads of its growth business having left the firm, PEI has learned.

Some evergreens enjoy short-term performance boosts from secondaries mark-ups, JPMorgan Asset Management portfolio manager Brian Lam tells Private Equity International.