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Backing solid, cashflow-producing assets will be essential in an environment marked by higher borrowing costs, says Cyrus Madon.

BlackRock PEP, HarbourVest, Hamilton Lane and a Hong Kong family office shared tips for Chinese managers on the fundraising trail at HKVCA's China Private Equity Summit on Wednesday 24 August.

The software-focused firm has delivered an average 5.2x multiple and 60% IRR across eight exits in recent months, PEI has learned.

The firm, which closed its acquisition of UK supermarket chain Asda last year, expects to wrap up fundraising by the end of the third quarter.

NPS backed 55 private equity funds and projects last year, bringing the total number of these vehicles in its portfolio to 404 as of December, per its latest annual disclosure.

TPG Partners IX and TPG Healthcare Partners II secured $10.6bn, or 57% of their combined target of $18.5bn, CFO Jack Weingart said in the firm’s Q2 2022 earnings call.

Dig deeper into how investors are operating in private equity with PEI's analysis of H1 2022 activity.

Former co-CEO William Conway will serve as interim chief; newly formed office of the CEO will help find a permanent successor.

The firm plans to expand retail offerings across all its asset classes in an attempt to fill the 'white space' in the market, says head of investor relations Craig Larson.

Sizeable closes by large funds, including those by Advent International, Insight Partners and KKR, accounted for nearly 40% of capital raised for the period, as the number of vehicles closed sank to its lowest since 2017.