PEI Group Data

Private equity will be at the heart of Apollo's push to hit $1.5 trillion of AUM in the next five years. Plus: Barclays Private Bank says evergreen funds are driving wealth inflows; and Moonfare is offering individuals direct access to the asset class. Here's today's brief, for our valued subscribers only.

The New York manager, an investor in complex and regulated sectors, said in a pension presentation it had closed and circled more than $1.7bn for Fund VI.

Albert’s departure comes as Patient Square moves through fundraising for its second private equity pool.

Vitruvian Investment Partnership V is already 25% invested, according to details shared with Private Equity International.

Sousou’s retirement comes as TowerBrook, formed in 2005, raises its sixth fund, targeting $4bn.

The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.

London's Inflexion leaned on existing LPs to more than double the size of its latest Enterprise vehicle. Plus: CVC joins the secondaries evergreen party; and meet the family office putting everything into impact. Here's today's brief, for our valued subscribers only.

As part of the process, the firm is letting go of some staff, including managing directors Helen Chiang and Loren Easton, who have moved into senior adviser roles.

Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.

LP overallocation has been a key factor in slow private equity fundraising over the past two and a half years.