Long-Term Funds

In a trickier exit environment, fund managers may be forced to embrace longer hold periods.

Education is vital to the growth of Africa’s 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 – a trend that's likely to continue into 2022.

The goal is to provide for stable and predictable cashflows and market leadership positions that result in compounding returns over a longer timeframe, the firm has said.

If you’re a GP trying to figure out how to hold onto prized assets for longer, chances are you’ve had a call with Evercore’s Nigel Dawn.

The notion that GPs must let go of assets within a specific period of time has been turned on its head.

The firm launched a longer-hold PE strategy early this year and is readying a similar vehicle focused on core infrastructure.

PE firms are diversifying away from traditional third-party blind-pool fundraises amid further inflows from long-duration funds, GP stakes, insurance M&A and SPACs.

Data released this week show the average hold period for PE assets is at a record high, underscoring a wider trend that's appearing in various forms across the industry.