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The US's largest public pension system plans on a major overhaul of its private equity holdings.

Europe-focused funds trail behind other major global regions by capital raising so far this year with just $112.4bn closed.

The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.

Apollo Investment Fund X began pre-marketing in January; its predecessor reached a final close after less than half a year on the fundraising trail.

Abu Dhabi Investment Authority and France's largest private markets investment firm are understood to have been in discussions about a deal as recently as mid-October.

Employees must remain with Hamilton Lane over a multi-year timeframe, and the stock price should cross particular thresholds, in order to receive equity 'awards'.

The $516.9bn raised during the first three quarters of this year remains the second-highest figure ever recorded, according to PEI data's latest fundraising figures.

Sponsors are using hedging to get deals over the line in markets with severe currency fluctuations; their investors are looking to protect themselves with greater flexibility over the currency in which they can commit.

The ¥229.6trn institution aims to pump ¥10trn into alternative investments by the end of 2026.

Investors may need to reassess their private equity commitment pacing and liquidity needs due to currency volatility.