Performance

California pension is for the first time adding private equity to one of seven pools of capital designed for select retirees after long-time reliance on returns from public equities and fixed income.

The California pension giant with $613bn is demonstrating a near-term performance boost following a heavier emphasis on venture and growth, co-investment and secondaries.

The firm sees opportunities at the intersection of energy and Europe’s push for greater sovereignty, IR head Cenk Turkinan tells PEI.

Private equity generated €19.5bn in exit value in 2025, a 77% increase on the prior year, according to the firm's FY 2025 earnings report.

JFL Equity Investors VII arrives in the market just over a year after the close of its predecessor at $2.23bn, well above an initial target of $1.6bn.

In today's edition, Another large LP bemoans PE's underperformance; A net-zero rethink could catalyse climate investing; Pantheon taps a Japanese LP.

NPMI Fund II could be six times larger than its predecessor, PEI understands.

Europe, despite its complexities, is a much safer place to invest at present and a safe haven, Nikos Stathopoulos, the firm's Europe chairman, tells PEI.

A new dynamic is driving private equity fundraising. In an increasingly bifurcated market, success will be yours according to whether you've returned capital to LPs.

As the tailwinds that have long powered performance fade – from cheap leverage to multiple expansion – the industry can no longer rely on a rising tide, says Hugh MacArthur, chair of Bain & Company’s global PE practice.