Carmela Mendoza
A difficult fundraising environment is giving LPs more leverage to negotiate issues such as key person time requirements and automatic termination of investment periods.
As lines blur between secondaries and co-investments, a strong rationale remains critical to LPs accepting continuation vehicles, say panelists at PEI Group’s NEXUS summit.
The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.
Private markets products geared towards the wealthy require the same standard of care as institutional investor offerings, according to the firm’s president and COO.
Kahler was hired by ORIX Capital in 2019 from Safanad to develop its mid-market buyout business.
The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.
Enthusiasm for the strategy remains steady, as co-investors flock to well-established names.
The rise of continuation funds is blurring the lines between them and what might be considered a co-investment.
The $235bn pension system plans to scale direct investing with both existing and new GP relationships.
Deployment in PE halved year-on-year to $3bn in Q2 2023, while dry powder across strategies stood at $100bn, according to the firm's Q2 earnings.