Carmela Mendoza
GPs should not assume their investors don't require insight into the capital structure of such facilities, according to panelists at NEXUS 2024.
Chief executive Harvey Schwartz identified the firm's wealth business as one of its key strategic objectives for 2024.
Technology-related sales platforms will play a role in the wealth unit's scale-up, according to wealth management chief Raj Dhanda.
The alts giant is set to launch BXPE, a dedicated private equity offering for wealthy individuals, in the coming months after it postponed raising capital for the vehicle.
The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found a smaller number in market than a year prior.
Half-year fundraising dropped by a fifth year-on-year to $315.5bn across just 508 vehicles that held final closes over the period.
The alternatives giant took out the facility against about 20 portfolio assets in its 2018-vintage Carlyle Europe Partners V fund, affiliate title Private Equity International has learned.
The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.
The inclusion of retail investors has been among the biggest changes in the asset class in recent decades, said global head Verdun Perry at IPEM 2022.
The high cost of operations, capital constraints and an attraction to specialists are all factors driving M&A activity among PE firms.