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Side Letter: BGH avoids fee drag, 3x-plus returns, GIP eyes $20bn infra haul

How do you avoid fee drag after first close if you've only agreed one deal in more than a year? Use a credit line to avoid capital calls – that's what TPG veteran Ben Gray is doing with his Aussie PE shop. Here’s today's brief, for our valued subscribers only.

Side Letter: Attack of the bots, Trump still eyeing carry, Rhode Island joins secondaries...

Automation revolutionises operational efficiency, Rhode Island's pension turns secondaries buyer, Trump still wants to end carried interest loophole... sort of. Here’s today's brief, for our valued subscribers only.

Side Letter: Carlyle’s Africa staple deal, Secondaries roundtable, Guy Hands talks camping

Secondaries' sharpest minds share their thoughts on a $74 billion market, Carlyle mulled stapled deal to raise next Africa fund, Guy Hands on persistence. Here’s today's brief, for our valued subscribers only.

Side Letter: Vista’s Smith wipes student debt, Morgan Stanley’s Tikehau stake

Remember your college graduation speech? A group of Morehouse College students who graduated on Sunday certainly will after Vista's Robert Smith said he'd wipe their student debts. Here’s today's brief, for our valued subscribers only.

Side Letter: Rubenstein on EMs, CPPIB’s VC push, ADIA’s big deal

Good news everyone! Emerging market is no more (so we are told). Here’s today's brief, for our valued subscribers only.

Side Letter: EM despatches, Lex’s $10bn, Navab’s instant mega-firm

What's going on in emerging markets private equity? Here’s today's brief, for our valued subscribers only.

Side Letter: CalPERS’ new PE head, Europe disruptors, Ardian snags biggest secondaries haul

CalPERS hires Altamont Capital exec to lead PE, European VC gives the US a run for its money, Ardian turns Japanese. Here’s today's brief, for our valued subscribers only.

Side Letter: Top 5 legal issues, Abraaj LPs closure, CalSTRS PE restructure

The five hot topics on private equity lawyers' minds, Abraaj LPs get a little closure, CalSTRS green-lights new PE structure. Here’s today's brief, for our valued subscribers only.

Side Letter: CalSTRS’ fees, ‘shoddy’ copy-paste emails, Europe PE record

Why GPs should always personalise emails to LPs, CalSTRS' fund managers don't want to disclose fees, European investments hit record high. Here’s today's brief, for our valued subscribers only.

Side Letter: Navab’s sweet spot, Buffett questions PE returns, TA’s big growth

Who's going to do those deals the mega-funds used to do until a decade ago? Alex Navab. Here’s today's brief, for our valued subscribers only.

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