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The development comes a week after the world's biggest private equity investor said it was promoting its Asia-Pacific head to lead its global PE business.

The alternatives giant expects to have a 'fully ramped up retail distribution business' in place for the launch of its next private equity flagship, it disclosed on Wednesday.

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

The buyer would join Singapore's GIC and the Kuwait Investment Authority which acquired part of a 10% stake in the buyout stalwart in 2012.

LPs appear to want to appoint a new manager to keep the portfolio running because the investments have performed well so far.

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.

Document helps investors gauge ESG maturity across 21 different areas of activity and provides 'a rubric against which they can assess and benchmark a manager'.

Indian pensions have been given the nod to participate in alternative investment funds for the first time.

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