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.
The firm – a spin out from Bank of America in 2010 – attracted roughly one-third of its $1.65bn Fund III from non-US investors, up from 12% in Fund II.
The UK is no longer the most active private equity market in Europe and some of the country's firms met a cool reception on the fundraising trail.
Two-fifths of the investors said fees are a greater concern than ever due to more muted return expectations, according to NEPC data.
LPs expect a $5bn private equity fund to charge a 1.23% management fee, according to research from Asante Capital.
The year has seen a notable rise in single-asset fund restructurings.
Investors want to see how the firm performs on a deal-by-deal basis before they will consider committing to a blind-pool vehicle, PEI understands.
The firm is understood to be targeting between $15bn and $17.5bn for Fund IX.
The Swiss banking group will seek up to €200m for a vehicle targeting primary fund commitments, directs and secondaries opportunities across private equity, debt and real estate.
The continent’s emerging eastern markets can be an acquired taste, spelling opportunity for those willing to take a leap of faith.
Permanent capital structures can help investors navigate volatility and complex regulation, but convincing limited partners can be slow going.