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The €34bn AXA Investment Managers Prime unit is building out its capabilities across GP stakes, NAV lending and secondaries.

Mario Giannini, the outgoing chief executive of Hamilton Lane, talks about the biggest trends gripping private markets.

Some of Flexstone’s clients are expected to raise their Asia-Pacific allocations from 10% to 15-20%, Eric Deram, managing partner at Flexstone Partners, told PEI.

The $21bn California pension is preparing a more hands-on investment approach in private markets, including more co-investments, GP stakes and joint ventures.

Founding investors in Collective Global include the Orange County Employees Retirement System and the City of San Jose Retirement System.

The largest US pension system also reported more than $1.2bn in annual management fees and carried interest.

The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.

Brookfield has close to $3bn in balance-sheet capital to deploy to near-term initiatives, including strategic acquisitions.

CIO Marcus Frampton proposed adding a 25% leverage to the fund in a special board meeting on Monday.

A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.