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separate accounts

Apollo plans long-term hybrid credit, equity fund – updated

Co-founder Leon Black said the vehicle is a work in progress and one of several projects to augment permanent or long-term capital at the firm.

When less isn’t more

CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?

Why CalPERS is rethinking its ‘core 30’ concept

The pension plan’s strategy to reduce GP relationships to a core group has not delivered the benefits it expected.

KKR targets SMAs to safeguard future fundraising

The firm is seeking to increase the number of multi-decade strategic partnerships to assist future fundraising cycles across asset classes.

The appeal of the separate account

There are many reasons why investors choose to set up separate accounts; performance may not be one of them.

Asia Alternatives confirms Fund V close

The San Francisco-based fund of funds manager will invest the bulk of capital in Asia-focused funds, while maintaining capital to make co-investments or secondaries transactions.

KKR targets long-term core investments

The firm will create SMAs to invest alongside capital from its balance sheet.

France’s FRR awards mandates to Ardian, LGT and Swen

The three dedicated fund of funds will invest 80% of equity into unlisted French companies.

Partners Group secures €6bn for direct investment

The global investment firm’s haul includes €3bn for its flagship fund as well as separately managed accounts.

Three questions on fund finance

Demand for subscription credit lines is now being driven by the needs of separate accounts, say Jeff Johnston and Mike Mascia of the Fund Finance Association.