The UK’s £34.6bn medical research endowment warns of difficult period ahead for private equity, marked by subdued distributions and longer fundraising cycles.
Even amid a tougher fundraising environment, climate funds are 'still very, very topical', says head of sustainable investing for private markets Ken Pontarelli.
LPs had a massive number of private equity funds to consider over the past year – an ongoing dynamic that has caused headaches for those grappling with the denominator effect.
Several of PE's largest firms have made real strides in expanding access this year, though questions remain over whether individual investors are being adequately educated.