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2018 in North America: How PE thrived in a year of change

Tax reform, the introduction of trade tariffs and a contentious round of mid-term elections didn’t dampen private equity activity in the US this year.

Advent targets Q2 one-and-done for latest mega-fund – exclusive

The firm is understood to be targeting between $15bn and $17.5bn for Fund IX.

Performance watch: TPG’s PE funds

An interactive chart mapping returns by net IRR and total-value-to-paid-in across some of the firm's private equity funds.

New Mountain Capital to launch minority strategy – exclusive

The firm will raise a 'Strategic Equity' fund targeting sectors similar to those of its flagship buyout vehicles, PEI understands.

Crestline: Fear of market pullback buoys portfolio finance

Provisions to allow this kind of borrowing are becoming better documented in LPAs, the co-head of Crestline's portfolio finance vehicle tells PEI.

Why this Native American tribe is betting on direct PE

Mno-Bmadsen, which reinvests gaming profits on behalf of 5,600 Pokagon citizens, plans to double its AUM by December 2019 through direct private equity.

Public pensions double PE commitments in 2018

Institutions in the US and UK made 737 commitments to the asset class between Q1 and Q3, compared with 314 during this period last year, according to eVestment data.

How carried interest gets better with age

Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.

Inside Meteor5’s ‘equity-like’ strategy to back new GPs

The firm, which counts four MVision executives among its partners, is so confident its emerging manager fund will deliver stellar returns for investors, it’s setting the pref at 20%.

Five takeaways from CalPERS’ investment committee meeting

The $362bn pension plan laid out its plans for its direct investment programme and named an interim CIO.

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