Isobel Markham
The firm expects some investors to pause new commitments as the board’s conflicts committee conducts an independent review into co-founder Leon Black’s relationship with Jeffrey Epstein.
Plunging asset values could cause a wipeout in carried interest for fund managers, pushing them to look for other means of funding commitment to future funds.
The firm raised a record $16bn in the second quarter, including bringing its latest Asia fund up to $11bn.
The firm is back in market with a follow-up to its hybrid value fund and is on track to hit its $20bn fundraising goal for the year, co-founder Josh Harris said on its latest earnings call.
An exclusive investor survey conducted by PEI reveals three-quarters of LPs will not reduce their target allocations to private markets in the face of the denominator effect.
The pension plan fast-tracked adoption of an ‘allowable allocation’ of up to 15% to allow for flexibility in times of volatility.
The consulting firm has created an interactive diagnostic tool to help private equity-backed companies facing coronavirus-related risks.
Limited partners who have piled into the asset class in recent years could be left severely overweighted in private equity unless public markets see a significant recovery.
The credit specialist’s AUM hit $331bn at the end of Q4, half of which is in permanent capital vehicles.
Voting is open for sister publication Private Equity International's 2019 Awards; see who made the shortlist here.