Performance

The $6.1bn university endowment’s investment office, which has more than a quarter of its assets in private equity, is considering a move to the Big Apple to source better candidates for its 20-person team.

KKR and Permira among those named in Private Equity International’s annual celebration of the industry’s best value creation stories.

The Europe-focused buyout firm has agreed to sell its remaining 35% stake in Moleskine, completing its final exit from the luxury notebook maker.

A weakening pound in the wake of June’s Brexit vote drove most of the 15 pence-a-share uplift for the AIM-listed company in the six months to 30 June.

The London-listed private equity investor urged shareholders to take no action on HarbourVest’s £1bn bid, saying the 650p-a-share final offer ‘undervalues the company’.

The London-listed private equity investor urged shareholders to take no action on HarbourVest’s £1bn bid, saying the 650p-a-share final offer ‘undervalues the company’.

High prices and lower debt multiples will take their toll on returns, according to research from alternatives manager Partners Group.

The $193.4bn pension fund’s private equity portfolio returns have dropped from nearly 20% two years ago to 2.9% for its most recent fiscal year.

CIO Nico Hansen says he expects the firm to ‘add one or two Brazilian portfolio companies’ in the second half of the year.

The C$287.3bn pension fund also reached a new high for its overall asset value.