People

Private equity's diversity issue goes deeper than firms not seeing enough female candidates.

Since Jonathan Gray's appointment as president at the beginning of 2018 the firm has seen a fundraising bonanza, with predictions its AUM could hit $1trn in the next eight years.

The move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.

Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.

Raj Morjaria is a partner at LGT Lightstone, the firm's impact unit, with responsibility for overseeing new funds and investments.

Bonny Landers previously served as head of sustainable, responsible and impact investment at London-based multi-family office Sandaire.

The new senior hires include Weizhong Yun, who directed Abraaj’s South-East Asian private equity coverage based in Singapore.

The Apax and Bridges founder told delegates at PEI's Global Impact Investing Network Investor Forum that Abraaj's collapse bears little relation to its social impact.

Jonas Nyquist, most recently head of private equity and infrastructure at the Swedish life insurer, will head a team at the oil and gas giant's fund management subsidiary.

Henri de Castries – who led the €1.4trn French insurance giant from 2000 to 2016 – will provide the firm’s board with new relationships and strategic guidance.