Justin Mitchell

Virtual work has allowed some LP staff to work more closely together as they conduct virtual due diligence, a panel by sister title Buyouts has heard.

Keeping the Republican Party in charge of the Senate is seen as critical for the PE industry in light of a recent push from progressives to go after the industry.

Private equity remains one of the strongest-performing asset classes for the $75bn US pension.

Board VP and investment committee chair Theresa Taylor harshly criticised fellow board member Margaret Brown as well as a prominent financial blogger.

Margaret Brown says doing so would be necessary until an investigation is completed into former CIO Ben Meng's financial disclosures.

The firm has already closed on at least $6bn on the way to a $9bn hard-cap.

Co-investments play a large role in the $246bn pension's 'Collaborative Model,' which seeks to bring more investment activities in-house.

The US's biggest public pension is planning to leverage as much as $80bn of its assets in order to take positions in riskier asset classes.

Fann said private equity has many advantages other investment types lack as the coronavirus crisis plays out.

Stellex was founded in 2014 by two Carlyle veterans and focuses on investments in "underperforming or mismanaged lower and middle-market businesses."