Trends & Research

Top talent being enticed away by tech unicorns is pushing up salaries in private equity, says search firm Heidrick & Struggles.

The 500 largest fund managers held $2.5trn of alternative AUM at the end of last year, up 5% from 2015, according to the P&I/Willis Towers Watson global 500.

Demand for mid-market leverage included covenant-lite issuance reaching $3.8bn in Q3, almost overtaking the $4bn loaned in 2016.

Following the close of the Chicago-based firm’s largest-ever fund on $5.25bn, Private Equity International takes a look at GTCR’s performance and strategy.

The Apax and Bridges co-founder wants 100 pension funds and endowments to allocate 5-10 percent of their assets to impact investing.

Some 15% of private capital executives saw a decrease in their year-on-year base salary in 2017, significantly higher than the 1% who reported a similar change last year.

Domestic LPs demonstrated a strong increase in appetite for French private equity in H1, with commitments climbing to €5.4bn from €3.2bn a year ago, according to a report.

The seven listed managers rated by Fitch hold almost 20% of dry powder available to invest in alternatives.

Foreign private equity firms armed with the capital are betting big on carve-out opportunities in Japan, a Bain & Co. report revealed.

The sector remained the third most expensive in EMEA, behind only real estate and financials.