Performance

The customised accounts represented 8% of its overall PE portfolio, which now sits at $26bn.

The listed German player’s portfolio took a €12m hit due to a drop in stock market prices after the referendum vote.

The Dallas Police & Fire Pension System attributed its 12.6% loss to private equity and real estate investments.

The firm has received a new commitment from the New Mexico State Investment Council.

Private equity industry service providers said that post-‘Leave’ vote, the economic future of Great Britain looks promising for buying assets but challenging for selling them.

Dutch discount retailer Action – 3i’s largest investment – is now valued at 18 times earnings, up from 14 times at the end of 2015, but the outlook for European private equity returns is still uncertain.

Data from Boston-based investment advisor Cambridge Associates shows first- and second-time funds have often outperformed established funds.

Despite lacklustre economic growth, Blackstone’s chairman and chief executive Stephen Schwarzman is confident that the alternative asset giant’s private equity investments can continue to deliver robust returns.

In its annual review, the $773bn Abu Dhabi sovereign wealth fund reported a fall in 20- and 30-year annualised returns against a 'backdrop of slowing global growth'.

The mezzanine provider has seen a 2% increase in third-party fee-earning AUM.