Adam Le and Carmela Mendoza

Apollo, Blackstone, now Carlyle Group… a confluence of events is leading to a tough year ahead for capital raising.

Jim Strang, former chairman of EMEA at the firm and one of the most prominent leaders in European private equity, has taken a senior advisory role.

Shane Feeney has been responsible for overseeing the pension giant's roughly $101bn private equity portfolio.

Data released this week show the average hold period for PE assets is at a record high, underscoring a wider trend that's appearing in various forms across the industry.