Long-Term Funds

The fund would invest in senior and subordinated debt along with structured equity and non-control positions in financially troubled companies.

Several vehicles that hold assets for longer than the traditional three to five years arrived on the scene this year and investors can expect more in 2018.

Co-founder Leon Black said the vehicle is a work in progress and one of several projects to augment permanent or long-term capital at the firm.

From Sydney to Boston, a slew of firms emerged this year and raised capital from limited partners betting that getting in early can pay out big.

Investors are waking up to the appeal of long-life fund structures, a report has found.

The London office of the Kuwaiti sovereign wealth fund has lost its alternatives head and sold a raft of European fund stakes amid a Brexit-inspired audit by head office.

One of the first firms to raise capital to take minority stakes in GPs will scrap the traditional fixed-term fund model, founder Chas Burkhart tells PEI.

Hisham Halbouny, the managing director of the Mansour Group’s family office, private equity fund and asset management arm, tells Private Equity International why it is betting big on direct investments.

LPs are increasingly seeking closer alignment with Asian private equity managers as the industry diversifies away from traditional fund structures, an Intertrust report revealed.

The firm’s COO, Tony James, sees the traditional 10-year private equity fund as ‘a bit of a treadmill’.