long-term funds

Just over half of managers surveyed by law firm Dechert are thinking about launching vehicles to hold assets for longer than the traditional three to five years.

The private equity giant had deployed $2.5bn from its debut Core Equity Partners fund as of the end of June.

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Here are five key takeaways from the Carlyle Group co-founder's speech on private equity's top trends at a recent industry conference in Geneva.

Cranemere Group has raised capital from a Middle Eastern family office, a public US institution and a UK pension, PEI understands.

Macfarlanes' Christopher Good examines how such vehicles should be structured in order to maximise incentives while managing return expectations.

The firm is acquiring a 19.9% stake in DSA Reinsurance from AIG in a deal that includes $6bn earmarked for Carlyle funds.

Bridges Fund Management – a pioneer of the strategy – held a second close on £50m for its debut permanent capital vehicle last week, PEI can exclusively reveal.

The fund would invest in senior and subordinated debt along with structured equity and non-control positions in financially troubled companies.

Several vehicles that hold assets for longer than the traditional three to five years arrived on the scene this year and investors can expect more in 2018.