Semi-liquids

In this episode of PEI's Private Equity Spotlight podcast, Goodwin partner and co-chair of its UK business Ajay Pathak discusses the applicability of drawdown fund fee structures on evergreen vehicles and the logic behind tying incentive fees to both realised and unrealised NAV.

The $1.3bn multifamily office allocates 20-30% towards alternatives for most clients, founder and ex-a16z partner Michael Paulus tells PEI.

Jaime Alvarez, head of PE and sustainable infrastructure, tells PEI the £36bn fund is bullish on Asia and explains why it could implement an evergreen structure despite questions about conflicts within this burgeoning community.

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.

Side Letter unearths fundraising details from the likes of Hamilton Lane, Charterhouse and Madison Dearborn. Plus: Evergreens give Partners Group's H1 inflows a year-on-year boost; and BlackRock is bullish on India. Here's today's brief, for our valued subscribers only.

The subject has taken priority at recent meetings of trade group Institutional Limited Partners Association, sources tell PEI.

'Stars are aligned' for Asia Private Assets Fund as investors prioritise diversification, managing director and co-head of Asia investments Collwyn Tan tells PEI.

A resurgence of demand for payment in kind financing at the portfolio company level could leave these firms more vulnerable to defaults. Plus: how Fidelity will deploy its LTAF. Here's today's brief, for our valued subscribers only.

Investors in the firm's Private Assets Fund overwhelmingly approved a change to the way carry is calculated, executive co-chair Hartley Rogers tells PEI.