Hannah Zhang
Pension funds, endowments and asset managers are being drawn to the mid-market's flexibility and wide range of exit options.
Eastman Kodak's sale of a portfolio of illiquid fund stakes to Mastercard Foundation suggests further corporate LPs may come to the secondaries market as they go through structural shifts.
Many large private equity investors have been diversifying beyond traditional buyouts to pursue more attractive returns.
The survey findings come as some LPs dial back their appetites for private equity due to performance concerns.
Anton Orlich, managing investment director for private equity at the California Public Employees’ Retirement System, has set in motion a major structural shift at the US’s largest public pension.
LPs are showing greater hesitancy when it comes to adopting AI compared with GPs, with a desire on seeing the technology’s use cases before jumping on board.
Orange County Employees Retirement System's private equity portfolio generated 6.5% of distributions over the past year – a figure 'notably lower' than expected.
Portfolio companies increasingly want to 'work with the best of the best', according to research from consultancy firm Nepean.
Some large LPs have already started to tweak their investment focus to align with the priorities of the Republican administration.
The firm is confident Blue Owl GP Stakes VI will reach its $13bn target by end-2025, says co-CEO Marc Lipschultz.