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The September 2008 issue of PEI has some unexpected similarities with today.
Cambridge Associates’ head of private markets Andrea Auerbach makes it her business to know all about your business – including whether your best dealmakers are heading for the exit.
For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.
Investor documents reveal the firm has not included a preferred return hurdle for its ninth flagship fund, which is seeking $15bn.
On Tuesday Arif Naqvi reached a settlement in a $217m bounced cheque case. PEI looks at the figures that could play a role in further developments.
On Tuesday, the $24bn sovereign wealth fund will vote on a subscription to a portfolio management service to aid due diligence and portfolio monitoring across private equity, real return and real estate.
The $3bn fund is increasing its private equity activity after raising its target allocation to 10% from 7% in 2016.
With the promise of outsized returns comes the expectation of outsized compensation.
From geography to commitment size, the key factors behind returns at 11 top-performing US public pensions have been analysed.
Emerging managers accounted for 3.9% of the investor's $1.7bn private equity portfolio as of 31 December, compared with 5.1% of its private real estate programme.