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The strategy is the firm's fastest growing unit from a headcount perspective, according to chief executive David Layton.

Hazem Ben-Gacem, a three-decade veteran of the firm, will leave his role in November as the Gulf's biggest private equity firm reorganises its internal units.

The new flagship offering's target size is 12% larger than Fund IX, which closed in 2021 on $5.6bn.

The hire will also help further the bank's advisory work in control deals, firm-level financings and NAV loans.

The target amount sought for Long Term Private Capital II could change, Private Equity International understands.

In taking over from Suyi Kim, Gubbels will become CPP Investments’ second consecutive female private equity head.

The survey, conducted by Barnes & Thornburg, found that 96% of LPs thought it was important for a GP they invest in to have a succession plan.

The private equity giant is ‘very excited about Japan’ while seeking to boost its wealth presence in Europe.

A difficult fundraising environment is giving LPs more leverage to negotiate issues such as key person time requirements and automatic termination of investment periods.

Asia-Pacific's lack of a risk premium does not mean it has underperformed, according to Hamilton Lane co-chief executive Juan Delgado-Moreira and co-head of Asia investments Collwyn Tan.