Performance

An early-stage SMA is serving as proof of concept for a dedicated strategy in the region, newly appointed APAC co-heads Hari Gopalakrishnan and Nicholas Macksey tell PEI.

Private equity is expected to continue serving an important role in the overall portfolio of the pension, which is switching to a total portfolio approach in July.

The firm, which had predicted zombie funds would reach $1trn by 2030, says it now expects it to reach $2trn by that time.

Members of the $219bn pension's investment advisory council weighed in on the relevance and sufficiency of performance benchmarks at a June meeting.

The Paris-based firm has so far raised about €1.5bn of its €5bn target for Buyout VIII.

In today's edition, LPs are developing an aversion to mean reversion; Why 'dual use' and 'lethal' defence opportunities aren't mutually exclusive; What the SEC wants to know about your PE firm.

In today's edition, Nordic Capital says LPs want clarity around AI disruption risk; Blackstone's APAC fund close builds upon a regional rebound; Alaska's private markets doubts aren't denting its commitment(s).

Even in the toughest fundraising market since the GFC, LPs still have interest in backing new managers. As some larger shops struggle to hit targets, new firms are stepping up to capture the interest of increasingly picky LPs.

The combination of the two firms, which will create the world's largest healthcare private equity investor, will change how healthcare investing is done by linking East and West opportunities, its co-chief executives tell PEI.