People – Firms

The specialty firm is looking to expand its presence in the US after opening up an office in New York earlier this year.

Some PE firms learned that CEOs who showed a good combination of empathy and energy led their teams through the crisis, and the ones that showed too little of either really struggled.

Rising expenses, and the challenge for many LPs of getting the financial data they need to justify the costs, are leading to misalignment between managers and their fund investors.

Jim Coulter, founding partner of TPG, worries about the ides of October, but in the long-term is optimistic that the biggest industrial revolution ever is underway: the decarbonization of the economy.

'Software is a productivity enhancing tool and these tools have a lot more value if there's labor inflation, because they allow you to do more with less labor,' according to Thoma Bravo co-founder Orlando Bravo.

Soussa's hire is the first made at the senior level by Josh Baumgarten and Adam Schwartz since they became co-CEOs in January.

The capital solutions group was formed to combine the bank’s GP-led secondaries advisory activity with its efforts to source capital for direct and co-investments.

Instar, founded in 2014 by Greg Smith, ex-head of Brookfield Financial’s global infrastructure advisory group, last year closed a second flagship fund at $1.2bn.

The firm promoted two other partners, Mario Moreno and Owen Davis, around its third fund, which closed on $550m in 2018.

Key-person situations are relatively rare, but a few have cropped up in the past few months, involving both new and well-established firms.