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MidRail claims the Swiss firm has been 'unjustly enriched' at its expense through 'exploitation of MidRail's confidential information'.
New York
The firm received unanimous approval from its LPs to replace Mark Wiseman with Robert Kapito as chairman of the executive investment committee, allowing its Long Term Private Capital Fund to continue investing.
The two advisory firms are set to merge, combining Aksia’s private credit and hedge fund specialties with TorreyCove’s focus on private equity and real assets.
Gilles Dellaert will lead Blackstone Insurance Solutions, a part of the business with a lot of growth potential.
Nicole Musicco
Nicole Musicco has left the C$63bn Investment Management Corp of Ontario which helps public sector funds scale and gain access to private-market investments.
The 10 largest capital raises for the month gathered nearly $31bn among them.
Betting on a roulette table
Fund performance data show the former is likelier to deliver better returns in the US and Asia, while Europe’s homogenous nature gives pan-regional strategies the edge.
High valuations, high multiples and GP discipline are expected to continue into the new year.
Happy holidays
Private Equity International will be back on 2 January.
The $475bn combined AUM of the firms brings scale across alternative asset classes neither have achieved on their own.

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