Semi-liquids

The wealth manager is currently seeing an average low-single-digit allocation towards private markets among clients, Martin Leung, head of alternative investments Hong Kong, tells PEI.

The $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.

Tapping the wealth channel in Europe is a top priority, despite burgeoning interest from APAC and the Middle East, according to the firm’s head of wealth Luc Maruenda.

The bank has onboarded a greater number of private markets evergreens amid a rising focus on exit liquidity, executive director Jason Ng tells PEI.

Monday is a public holiday in some markets, so we'll return to your inbox on Tuesday. In the meantime: why excessive evergreen fees could undermine private equity's raison d'être; and takeaways from PEI Group's Operating Partners Europe Forum. Here's today's brief, for our valued subscribers only.

The transactional nature of semi-liquid fund structures can place a lower importance on relationship building between investors and their managers, says Nicole Musicco.

GPs willing to navigate China's Qualified Domestic Limited Partner programme could benefit from rising HNWI appetites for cross-border alternative investments, write partners from law firm Fangda.

With market watchdogs looking more closely at private asset pricing, Private Equity International spoke to managers of semi-liquid funds about their valuation methods.