Side Letter: Awards winners, TA rising, Park Hill’s Prendergast

Who took home top honours in our annual awards? Here’s today's brief, for our valued subscribers only.

Just happened

And the winners are…








On Friday we had the pleasure of announcing the winners of our annual reader-chosen awards. This year was more competitive than ever, with 72 categories across sectors as diverse as healthcare, energy and distressed debt to frontier markets, long-term holds and secondaries, as well as much more.

Growth gurus going large

Growth gurus go large. TA Associates, one of the oldest growth investing firms in the business, is plotting a jump in fund size of around 40 percent for its next vehicle, but has “both the skills and resources available to continue to produce strong returns for us,” says one investor. Details here, including how the firm operates without a hurdle rate.

In memoriam

Park Hill founder co-founder and CEO Dan Prendergast passed away last week. The veteran of Atlantic Pacific Capital, DLJ and Merrill Lynch helped grow Park Hill into a one of the dominant forces in global fund placement and secondary advisory. “Dan’s commitment to Park Hill was inspiring and his leadership was marked by integrity, kindness and humour,” wrote Paul Taubman, founder of Park Hill’s parent company PJT Partners, in a memo to colleagues.


Back for more. After a successful process last year, Alaska Permanent Fund is again mulling a large secondaries sale in 2019 – this time of around $1 billion. The fund has yet to hire anyone, but Evercore advised last time around. Alaska is also working on its in-state $200 million private equity emerging manager programme and is seeking a fund of funds manager to run it on a discretionary basis.

LP meetings. It’s Monday, so here are some LP meetings to watch out for this week.

Dig Deeper

We’ve more than 6,700 institutions in our database, including TPGEQT and Glendower Capital from today’s Side Letter.

He said it

“A mentor and friend to so many of us, Dan will be remembered as a visionary leader, innovative entrepreneur and dedicated colleague.”

Paul Taubman, founder of Park Hill’s parent company PJT Partners, remembers Dan Prendergast, co-founder of Park Hill, who died last week.

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