Hannah Zhang

A recent report shows GPs may have developed tricks to downplay the underperformance of some assets, resurrecting the question of how much wiggle room is needed in valuation processes.

Companies with lower earnings growth tend to have higher valuation multiples than their better-performing counterparts, according to a report published by Clipway.

Martin Longchamps, head of private equity at the $319bn Canadian giant, talks to PEI about secondaries sales, overallocation and what steps the institution plans to take next.

Secondaries is an area where the $251bn system can 'use creative partnerships to access opportunities', according to senior investment officer John Bradley.

The largest private equity fund to ever close has shifted the face of the top 10 this year, while a host of newcomers have entered the ranking.

Some 38% of GPs offered early bird discounts on management fees in 2023, a marked increase from 18% the prior year, according to research from the law firm.

Speaking at SALT iConnections in New York, Weijian Shan, co-founder of pan-Asian giant PAG, said buyouts gave China investors more exit options than growth and venture deals.

Canada’s second-largest pension fund has been actively deploying to mid-market managers across North America, Europe and Asia.

At PEI’s annual Women in Private Markets Summit in New York, LPs discussed the power dynamic with GPs and what they expect from managers they work with.

The California pension has been monitoring GPs’ efforts to reduce carbon emission through an annual survey and a colour-coded system to categorise private equity-owned assets.