Alex Lynn
The sovereign wealth fund has committed more than $1.2bn to the strategy of taking stakes in managers over the past three years.
The firm acquired the interest from an unnamed LP in Onex Partners IV in late September, chief financial officer Chris Govan said in a third-quarter earnings call.
One of the first firms to raise capital to take minority stakes in GPs will scrap the traditional fixed-term fund model, founder Chas Burkhart tells PEI.
Private equity funds posted a 13.6% pooled IRR over the past three years, significantly outperforming listed equity benchmarks.
Investors and fund managers alike are waking up to the appeal of GP interest vehicles.
The US's largest public pension made $3.3bn of commitments to private equity in the 2016-17 fiscal year, down from $4bn the previous year, according to documents released this week.
Hisham Halbouny, the managing director of the Mansour Group’s family office, private equity fund and asset management arm, tells Private Equity International why it is betting big on direct investments.
How Cinven replicated a tried-and-tested approach in the patents industry with its acquisition of intellectual property business CPA Global.
Edward Bramson’s game plan has not always been clear, but his activist approach to Electra Private Equity has resulted in significant gains for shareholders.
The fund of funds has chosen to support funds that have 'stayed in their sweet spot rather than those jumping in tremendously in fund size', according to partner Maninder Saluja.