California Public Employees’ Retirement System is considering increasing its private equity target to 17 percent from 13 percent – a major increase that reflects the system’s continued interest in private equity even as it awaits the selection of a new chief investment officer. (Buyouts)
The head of Moelis & Co’s private funds advisory group has resigned, sources told Buyouts. Rodney Reid, who joined Moelis in 2021 to build a secondaries advisory function, will work with the firm for a period of time on a transition before exiting, sources said.
Anne-Claire de Pompignan, head of investor relations at Agilitas Private Equity, tells PE Hub Europe what drew her to private equity and investor relations in particular, and shares her views on how the industry can improve on diversity, equity and inclusion matters, in PE Hub Europe's latest conversation with women in private equity.
EQT has no regrets about selling off its debt business despite the rise of private credit in the high-rate environment. Speaking to Private Equity International, chief executive Christian Sinding described the 2020 sale as “one of the best decisions” the firm has ever made, because it helped the firm focus on other priorities.
McCarthy Capital is seeking $700 million for an eighth flagship offering to invest in lower mid-market buyout opportunities. (Buyouts)
Alternative asset manager Barings has begun legal proceedings against its former Global Private Finance co-head Ian Fowler over a mass movement of staff to newly founded credit manager Corinthia. (Private Debt Investor)
The rise of new entrants in the secondaries market is going to present “the biggest change in the secondaries market in 20 years,” Nigel Dawn, senior managing director and head of Evercore’s private capital advisory group, told Private Equity International and Secondaries Investor’s senior editor Adam Le on the sidelines of PEI Group’s NEXUS summit.
Women-led Emmeline Ventures nears close on 5x more than planned: LPs include “senior executives at BlackRock, Cooley, Google, senior healthcare and finance executives and prominent family office groups in the California area,” the firm says. (Venture Capital Journal)
There are a number of ways in which portfolio companies can recruit and retain diverse talent; one of these is to remove the degree requirement for job applicants, Blackstone principal Marcus Felder said at NEXUS earlier this month. (New Private Markets)
Commonfund has launched its second impact fund, Environmental Solutions 2, two sources familiar with the matter have told New Private Markets. It is a multi-strategy fund with buckets for private equity fund investments, direct and co-investments, secondaries and real assets, the sources said. (New Private Markets)
Moonfare, the fundraising platform enabling private wealth investors to access alternative investments, has launched a secondaries vehicle. (Secondaries Investor)
