Alaska Permanent Fund

The strategy has played a critical role in LP-GP negotiations this year.

Some 45% of global LPs plan to increase their private equity deployment over the next year, marking a substantial increase from 2024.

Some investors are scrutinising LP bases to ascertain whether managers will face increased pressure to deploy an excessive amount of capital beyond their original fund size.

Markets of interest include the UK, DACH and the Nordics, Allen Waldrop, deputy CIO for private markets, tells PEI.

Continuation funds, NAV loans, dividend recaps and other tools have muddied the waters when it comes to investors ascertaining how distributed to paid-in ratios are generated.

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

PE sceptics 'have to acknowledge' that the asset class is worthwhile for LPs with the ability to significantly reduce their fee loads, Marcus Frampton tells PEI.