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A frothy cup of private equity

Fundraisers can now head down to Starbucks for a $100m fund commitment, but what does this tell us about the market cycle?

Oklahoma Teachers mulls external admin support to identify GP errors

The pension system found errors in GP reporting on carried interest, tax deductions and capital contributions last year.
Dave Chen, Urs Baumann, Melissa Drew

PG Impact: how LPs differ on return expectations

European LPs are more tolerant of lower debt-like returns from impact funds, co-founder Urs Baumann told delegates at the Credit Suisse Asian Investment Forum in Hong Kong on 27 March.

SWFs follow ‘leaders’ Temasek and GIC in tech investing – report

Sovereign wealth funds are growing exposure to early-stage investments following Singaporean investors GIC and Temasek’s 'enormous push' in the sector.

Advent sets $20bn hard-cap for latest fund

Fund IX could be as much as 54% larger than its predecessor, which closed on $13bn in 2016.

Stonehage Fleming loses PE head – exclusive

The firm is on the hunt for a replacement for prominent private equity investor Richard Clarke-Jervoise, who is moving to Paris from the London-based firm.

McGlashan’s indictment could slow Rise II fundraising

TPG’s response has been swift, but limited partners may choose to take their time over commitments to the second Rise Fund.
European commission

European insurers given private equity boost after regulation tweak

The European Commission has reduced the amount of capital insurers must set aside to manage the perceived risks for some long-term equities.

Connecticut to boost diversification with Europe and secondaries

The state’s treasurer will add an additional $200m per year in a transition plan to increase private equity allocation.

HOOPP’s PE portfolio shines bright amid low returns

The pension system is 121% funded and returned 2.17% last year, compared with 10.88% in 2017.

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