Permira on Why It Is Prioritising Specialisation and Performance
Permira’s co‑CEO Dipan Patel says the firm will double‑down on specialization and performance in the next private‑equity cycle. The firm plans to simplify its mission, focusing on a narrower set of sectors where it can add deep expertise. By tightening its investment thesis, Permira aims to deliver stronger returns and clearer value creation. This strategic shift reflects a broader industry move toward concentrated, high‑conviction portfolios.
Churchill Asset Management on Secondaries’ Evolving Use Case
Churchill Asset Management’s head of secondaries, Nick Lawler, said secondaries technology is evolving into a multi‑faceted tool for both general partners and limited partners. The latest platforms combine real‑time data, automated pricing models and machine‑learning analytics to improve liquidity and...
Hellman & Friedman on the Art of the Exit
Hellman & Friedman CEO Patrick Healy says that even as distributions to limited partners remain sluggish, the firm can still close sizable sponsor exits. Healy highlights that strategic timing and asset positioning enable multi‑billion‑dollar exits despite a broader market slowdown....
Wealth Manager Hollow Brook: There’s an Important Place for PE in Family Office Portfolios
Hollow Brook president Philip Richter tells Private Equity International that private equity has become far more accessible due to democratization and a booming secondary market. This broader access enables family offices to consider PE as a core component of their...
Apollo’s Japan Institutional Client Head Departs
Apollo Global Management’s Japan institutional client head, Takeshi Tsubota, has exited the firm. Tsubota, who joined in 2023, was responsible for driving the firm’s fundraising efforts among Japanese institutional investors. His departure comes as Apollo seeks to expand its $908 billion...
LPs Highlight Red Flags Around Retail Capital Flowing Into Traditional PE
Retail investors are pouring unprecedented amounts of private wealth into traditional private‑equity funds, accelerating a shift that once belonged to institutional limited partners. This surge, driven by fintech platforms and low‑minimum‑investment products, has prompted seasoned LPs to flag potential red‑flags....
Clearlake’s Feliciano Tells How to Pick Winners and Losers in AI Disruption
José Feliciano, co‑founder and managing partner of Clearlake Capital, told PE Hub that AI‑driven disruption in public tech and software markets is opening compelling opportunities in the private‑equity space. He explained that as public valuations compress, investors can target companies...
CPP Investments Will Mull Secondaries Sales to ‘Trim Older Exposure’
Canada Pension Plan Investment Board (CPP Investments) is evaluating secondary market sales to trim its older private‑equity exposures. The fund intends to allocate roughly C$20 billion to new private‑equity commitments this year, according to global head of PE Caitlin Gubbels. By...
Are PE’s Best Days Ahead of It? Here’s What CPPIB and Warburg Pincus Think
Canadian pension fund CPPIB and Warburg Pincus both signal optimism for private equity returns despite recent market turbulence. CPPIB projects improving internal rates of return as deal flow stabilizes, while Warburg Pincus highlights emerging fee‑restructuring trends that could ease limited...
Side Letter: Here Be Zombies
Zombie‑style private‑equity funds are projected to manage roughly $1 trillion in net asset value by 2030, reflecting a surge in aging, ill‑liquid portfolios. The article outlines how managers must adjust to a “new era” where exits are scarce and capital recycling...
Private Equity Still Vital to CalPERS’ Strategy Under TPA: CEO
At NEXUS 2026, CalPERS CEO Marcie Frost announced that the pension fund’s revitalized private‑equity program will operate with a degree of independence from its newly adopted total‑portfolio approach (TPA). The move signals a renewed commitment to private‑equity as a core return...
Rise of the Machines: The Data Science Unit TDR Says Gives It an Edge
TDR’s dedicated data‑science unit, launched ten years ago, now embeds machine‑learning models across the firm’s value‑creation workflow. The team builds predictive analytics to source acquisition targets, streamline due‑diligence, and monitor portfolio performance. By automating data aggregation and applying advanced algorithms,...
CalPERS Wants Its GPs to Do Better on Transparency
CalPERS, the $613.7 billion California public‑employees pension, announced it will require its private‑equity general partners to provide far greater transparency on portfolio‑company data. CEO Marcie Frost said enhanced visibility will sharpen risk management and fulfill fiduciary responsibilities. The fund plans to...
Bain’s MacArthur: 401(k) Opportunity Is ‘Major Inflection Point’ for Alternatives
Chair of Bain’s global private equity practice, Hugh MacArthur, says the growing ability for 401(k) participants to invest in private equity marks a major inflection point for the alternatives industry. He argues that retail access will set a new performance...
26North’s Josh Harris: Retail Capital Presents ‘Recipe for Problems’
Josh Harris of 26North warned that blending unaccredited investor capital with wealth‑managed funds in mixed‑regulation vehicles creates systemic risk. At PEI Group's NEXUS 2026 conference, he argued that such structures could trigger regulatory backlash and erode confidence in private markets....
Evercore Taps Adams Street Partners for New APAC Secondaries Head
Evercore has appointed a senior executive from Adams Street Partners to lead its Asia‑Pacific secondary market advisory team. The move comes after the departure of Shane Gong, who had headed the APAC private‑capital advisory practice until January 2025. Adams Street...
Side Letter: Gating-Gate
Blue Owl’s recent sale of semi‑liquid assets has put the niche asset class front‑and‑center for investors. Partners Group is actively addressing growing investor anxiety around artificial‑intelligence‑driven strategies. Meanwhile, Gridiron Capital signals its return to deal‑making after a quiet period. The...
Private Equity Has Entered a Hyper-Competitive Era – Bain Report
Bain & Co’s Global Private Equity Report 2026 warns that the industry has entered a hyper‑competitive era. General partners now face heightened deal competition, tighter exit windows, and stronger investor demands for cash generation. To succeed, firms must boost cash‑flow...
How an LP and a GP Are Approaching the Slower Exit Environment
In the inaugural episode of PEI Group’s "Commitment Issues" podcast, Children’s Health’s Yangge Seaman and Hg’s Steven Batchelor examine how limited partners (LPs) and general partners (GPs) are adapting to a slower private‑equity exit market. Both guests highlight a growing...
Aware Super Establishes Private Markets Division with Jenny Newmarch as Head
Australian superannuation giant Aware Super has created a new private markets division, appointing Jenny Newmarch as its head. Newmarch, previously the fund’s global head of private equity, will now oversee private equity, infrastructure and other alternative assets. She will report...
Investor Intentions: Plutus Partners Seeks New Private Equity Opportunities
Plutus Partners, a Singapore‑based single‑family office, announced it will pursue opportunistic private‑equity investments worldwide. The firm plans to allocate capital across sectors where it can add strategic value and generate outsized returns. By operating without the constraints of a traditional...
Brookfield Builds up Team Dedicated to 401(k) Opportunities
Brookfield Asset Management announced the formation of a dedicated team to pursue 401(k) investment opportunities. The move follows a 40% increase in the firm’s private‑wealth capital‑raising last year, underscoring strong fundraising momentum. By targeting retirement‑plan assets, Brookfield aims to broaden...
Side Letter: Going Nuclear
The article examines three distinct private‑equity themes. First, Germany’s nuclear waste management fund is highlighted for its ability to maintain financial stability despite shifting regulatory pressures. Second, the Swiss‑based SBCERA fund faces near‑term return volatility due to heightened private‑equity exposure....
Side Letter: M&G’s Liquidity Play
M&G has introduced a side‑letter that leverages the secondary market to provide liquidity for its private‑equity commitments, allowing investors optional redemption windows while preserving long‑term value. The move comes as Q4 private‑equity exit volume fell below expectations, highlighting a slowdown...
Denmark’s PenSam to Maintain US PE Exposure Amid Turmoil
Denmark’s state‑run pension fund PenSam, which manages €27 billion of assets, said it will keep its exposure to U.S. private equity despite recent market turbulence. The fund’s head of private capital and real assets, Jeppe Starup, indicated that the firm is...
Side Letter: Evergreen Exhaustion
Banks are exploring evergreen fund structures to alleviate crowded product shelves, offering investors continuous capital without a fixed termination date. Recent data highlights a growing appetite for emerging managers, whose niche strategies are attracting fresh capital. Analyst Rede predicts that...
Nuveen’s Takeover of Schroders to Create $2.5trn Asset Manager
Nuveen, the TIAA‑affiliated asset manager, announced the acquisition of Schroders Capital, the private‑equity arm of UK‑based Schroders. The deal merges Nuveen’s $2.45 trillion of assets under management with Schroders’ $25 billion private‑equity portfolio, creating a combined $2.5 trillion powerhouse. The transaction is expected...
Secondaries Funds the Largest on Average Among Those Closed Last Year
Secondaries funds that closed in 2025 posted the highest average fund size across all private‑equity vehicle types. Even after removing Ardian’s $30 billion raise—the single largest fund in the dataset—the average remained the top figure. The data underscores a shift toward...
Side Letter: Bain Leans Local
Bain Capital announced a strategic pivot toward more locally‑focused private‑equity investments, citing heightened macro‑economic uncertainty and tighter cross‑border financing. The shift aligns with broader industry trends, as firms anticipate a surge in take‑private transactions through 2026 driven by low financing...
