Performance

The vehicle ‘will wrap up this year’ after multiple extensions to its projected timeline, CFO Alan Kirshenbaum says on the firm’s latest earnings call.

The firm has seen at least nine senior departures since the start of 2023, including four partners in the last 12 months.

In today's edition, Secondaries volumes break another record; Europe amasses a war chest (quite literally); Astorg is racking up exits.

Staff have raised concerns over the inclusion of a 12% private debt allocation in its private equity benchmark, as well as the total exclusion of energy investments.

LPs are less bullish on tech following the 'Saaspocalypse'; EQT is behind on its goal to deliver €20 billion of exits; CVC bolsters its APAC business.

The wide range of methods used by the world's largest LPs shows the industry has yet to reach a consensus on how performance should be measured.

The private equity model isn’t broken, but the illusion of uniform success is, writes Scott Hart, partner and chief executive at StepStone Group.

The $75bn pension fund’s consultant, Aon, conveyed to the board that the long-time private equity investor is not alone among LPs falling short of benchmarks in the asset class.

In today's edition, Why double-down funds could prove all the rage; Rede reshuffles its leadership; A US PE shop launches an APAC business.

Dutch manager Main Capital's focus on 'mission-critical companies' means it is less affected by AI-driven volatility in the wider market, managing partner Sjoerd Aarts tells PEI.