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The conventional PE holding period is not always sufficient to 'transform an entire segment', said partner Tom Hodges.
The Total Return Strategy plans to hold businesses for up to 12 years and will focus on immediate cash yield in addition to long-term equity appreciation.
Oversight of the firm's four remaining assets and the wind-down process is expected to fall to two members of the firmโs management team.
The UK insurer, part of Phoenix Group, is readying a default strategy for pension members that aims to build a 25% allocation to private markets.
The target amount sought for Long Term Private Capital II could change, Private Equity International understands.
The key differences between Europeโs ELTIF and the UKโs LTAF, from eligibility requirements and borrowing limits to management and governance.
In a trickier exit environment, fund managers may be forced to embrace longer hold periods.
Education is vital to the growth of Africaโs investment community and ecosystem, says Kolawole Owodunni, chief investment officer at the Nigeria Sovereign Investment Authority.
The firm's core PE strategy, which since inception has earned a 26% gross IRR, oversaw $32bn of assets at the end of March.
More than one-third of the top 50 biggest GPs in private equity have used continuation funds on their assets โ a trend that's likely to continue into 2022.











