Semi-liquids

In today's edition, GPs eyeing retail capital are having to tread a delicate tightrope; A European GP defies headwinds to surpass its initial hard-cap; Temasek-linked Azalea joins the evergreen fray.

Clearlake's $14.8bn raise; what the 2026 FIFA World Cup could signal for sports investing; the evergreen market has doubled in size.

The man overseeing CalPERS' $250 billion alts portfolio; ILPA on evergreens alignment; secondaries investors not sassy on SaaS.

In today's edition, credit's redemption storm makes landfall in private equity; How secondaries is winning the talent war; LP demands are reshaping SPVs.

Hybrid fund structures are evolving investor expectations, say Citco Fund Services’ Tim Harvey and Allison Whaley.

Uncertainty has put a dent in otherwise burgeoning secondaries volumes; industry participants urge caution around evergreen marketing; emerging managers get a leg up in Canada.

Year-to-date fundraising includes $6bn secured by Brookfield’s seventh flagship private equity fund, representing nearly half of the vehicle's $12.5bn target.

In the rush to extend private markets access to new investors, the industry risks mistaking more products for better portfolios, writes John Toomey, chief executive of HarbourVest Partners.