separate accounts

The firm has more than tripled its deployment of LP capital through mandates over the past three years as investors seek to avoid the additional fees associated with primary funds of funds.

Kanji Takenaka will be charged with building a business which accounts for more than 12 blue-chip Japanese investors worth $2bn in AUM.

The capital for the Core Investment strategy includes $3bn from the firm's own balance sheet.

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.

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

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

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

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

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.

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