Alex Lynn
An unwillingness to improve ESG standards over a number of years could impact LGT’s desire to re-up with some existing GPs.
Exit values fell to €39.9bn in H1 2018, down 30% from the second half of last year, according to research from CMBOR.
The firm appointed Bernard de Backer, former senior portfolio manager at ADIA, to cover investor relations and value creation in January.
Just 36% of asset owners have identified quality sustainable investing opportunities in private equity, trailing public equities and real assets, according to Morgan Stanley.
The $828bn sovereign wealth fund joins existing investors CVC, Reinet and Legend Holdings.
Some managers are giving away more favourable terms to LPs as it becomes harder to stand out from the crowd, according to a PEI Rainmaker.
A combination of equity and debt could provide greater alignment with portfolio companies when battling an unfavourable cycle, according to GSO Capital Partners’ Paulo Eapen.
Vehicles reached peak TVPI in their eighth year after launch, compared with the 10th year for developed markets, according to a report from eFront.
The turnaround specialist is expected to seek at least €3bn for the vehicle.
The firm has tapped a navy veteran and leadership guru to serve as confidante to its recently appointed co-chief executives.