Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
Compressed exit multiples could have a material impact on performance fee income, according to tech platform Cobalt.
Carlyle Europe Technology Partners IV, which closed on €1.35bn last week, will charge 25% carry after it returns 2.25x cost to LPs.
The fund has already made commitments across seven vehicles, meaning LPs can buy into an existing portfolio.
European firms could be well-placed to snap up talent from their London-based peers.
The Byron owner is looking to make six to eight additional hires over the next 12 months, founder Mauro Moretti tells PEI.
It largely attributed the drop to publicly-traded portfolio company holdings in Fund VIII, an $18.4bn 2014-vintage.
Carlyle Europe Technology Partners IV closed on its hard-cap as TMT-focused funds seek the highest amount among sector-focused strategies.
The deal, which involves the private equity and real estate assets of IDFC Alternatives, is the latest in the firm's efforts to reach $50bn in AUM.
Cranemere Group has raised capital from a Middle Eastern family office, a public US institution and a UK pension, PEI understands.
The Californian pension will consider hiring an additional 12 direct investment professionals at a time when public institutions are finding it hard to draw top talent.