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Ex-Noah CIO resurfaces at Legend Capital

PV Wang has joined early stage and venture firm Legend Capital as its chief operating officer.

PODCAST: Leapfrog’s CEO on separating the impact investing wheat from the chaff

Fresh from raising a $700m fund in May, Leapfrog Investments’ Andy Kuper talks to Toby Mitchenall about how impact investing will evolve as more firms enter the fray.

Korea’s Hahn nears $2.5bn final close on latest fund

Hahn & Company III is expected to close by the end of June and has already amassed $2.1bn, US pension documents show.

Side Letter: PSERS postpones, Mid Europa eyes GP-led deal, Silver Lake debt play

ESG can mean the difference between receiving a re-up from a long-standing LP and potentially not, as one US buyout firm is about to find out. Here’s today's brief, for our valued subscribers only.
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Ex-AlpInvest MD taps former shop for GP stakes hire

Joseph Lombardo, who left AlpInvest's partnerships team in December, has joined former MD Sean Gallary at mid-market fund of firms outfit Stonyrock Partners.

How Rhode Island plans to use secondaries to boost its PE exposure

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.

Three things you should know about CalPERS’ new PE head

Greg Ruiz, a former Goldman Sachs exec, will rely on his GP experience to help the US's biggest public pension push into direct investing.

Rubenstein: Now is the ‘best time to invest in emerging markets’

Lower returns in recent years have caused investors to pull back, leaving these regions ripe for investment, the Carlyle co-founder said.

Carlyle’s Bagijn: commingled funds will remain ‘highly relevant’

Ruulke Bagijn, the new head of the firm’s AlpInvest and Metropolitan units, says co-investment and secondaries funds will remain part of the core of the business.

CalPERS fills private equity chief position after two years

Greg Ruiz will join the pension system this summer from Altamont Capital Partners, filling a role that has been without a permanent occupant since Réal Desrochers left in 2017.
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