Marine Cole

In the world of private equity, Trump supporters are keeping their preferences to themselves for fear of upsetting investors.

The new vehicle is almost double the size of its predecessor and as a result will be less reliant on co-investments.

Charlie Eaton, founder of Eaton Partners, has seen the fund placement business change dramatically in 30 years. He talks about what the future holds for his firm.

Activity was driven in part by long-term strategic investors wanting to seize opportunities in Colombia and Brazil, the Latin American Private Equity and Venture Capital Association says.

The public pension plan saw private equity returns decline from 8.3% in fiscal year 2015 and 23.2% in 2014.

The Abry Heritage Partners fund will focus on the lower mid-market, targeting deals between $20m and $50m.

Charlie Eaton, founder of Eaton Partners, says the proliferation of sovereign wealth funds as private equity investors helps offset pension fund bans on placement agents

Returns for the pension plan’s private equity portfolio fell from fiscal year 2015, but continue to drive overall performance for the Massachusetts Pension Reserves Investment Trust.

The settlement, which centres on improper fees and conflicts of interest disclosure to limited partners and supervisory failure, includes a $12.5m penalty. It comes less than a year after Blackstone settled with the SEC for similar issues.