Preeti Singh

On the Q3 earnings call, the co-founder highlighted portfolio company hiring and investment returns at the firm, whose assets under management have hit a record $554bn.

Staff may bring a proposal to the board to restart an incentive programme to make compensation more attractive, according to chief investment officer James Grossman.

As GPs seek to boost portfolio company value, they are under pressure to reduce costs and increase efficiencies as operational issues become increasingly complex and LPs push for lower fees.

Funds I and II generated huge loss ratios but changed strategy Fund III onwards brought the ratio to zero.

Founder Mike Psaros spoke to PEI about the latest fundraising round and how KPS justifies a 30% carried interest rate.

The pension has presented its first report on subscription lines exposure, and plans to communicate the data every quarter, according to chief investment officer James Grossman.

The pension system has reviewed opportunities from more than 20 GPs and made more than 54 private equity co-investments.

Research by Harvard and the University of Chicago examined more than 9,000 US buyouts over a 30-year period to get to the bottom of private equity’s impact on productivity, compensation and job creation.

The pension system will also consider commitments to strategies designed to outperform in down markets, investment committee meeting documents show.

Apollo and KKR manage more than $9bn across multiple strategies in a programme designed to deliver more than dollar returns.