Performance

PRIM, which has been building on its co-investment programme to cut fees and carry, has steadily reduced carried interest expenses in the past few years.

The Canadian pension fund’s private equity portfolio had been steadily increasing, marking a 5% quarterly increase in its fiscal second quarter ended 30 September.

Cambridge Associates’ US private equity index posted a 3.98% net IRR in Q2, the highest since it reached 5.44% in Q2 2014.

In the first nine months of the year, the German listed investment company has made eight acquisitions and three exits, boosting annualised consolidated revenues to €2.8bn.

Teacher Retirement System of Texas moved up one spot from last year’s AIC annual public pension fund analysis, which ranks the top performing public pensions’ PE portfolios.

KKR CFO Bill Janetschek said the latest fund, focusing on buyouts and growth investments in the Americas, will begin deploying capital in the first half of next year.

Details on the firm’s $10bn Fund VI and its $875m investment from Dyal Capital Partners.

  Operating partners are driving investment theses amid heightened competition and pricing, said panellists at PEI's Operating Partners Forum

Panelists at PEI’s Operating Partners Forum agree that the shift and expansion of operating partners' roles are driven by investors' desire for greater transparency.

Every portfolio company’s value creation story is different, but there are a few common operational levers private equity firms can pull to stimulate growth and boost returns.