Side Letter: Japan’s LP evolution; PE fundraising flexibility; Hahn’s $3bn plans

Japan's increasing comfort with secondaries and ESG-related investing suggests the LP landscape is maturing, in spite of a talent crunch. Plus: How GPs can adapt to a more challenging fundraising environment; and Korea's Hahn & Co is eyeing more than $3 billion for its next fund. Here's today's brief, for our valued subscribers only.