Kirk Falconer

New Jersey Division of Investment, a long-time investor in JLL funds, is committing $200m to the new flagship, accounting for more than one-fifth of the target.

A large share of AIMCo costs deemed excessive by government authorities were incurred to ramp up the pension system’s exposure to alternative assets, sources said.

The Boston firm last month closed Bain Capital Global Special Situations Fund II at $4.1bn, ahead of its target, sources told Buyouts.

It would be tragic if government intervention results in the tearing down of AIMCo, an innovative public pension system with a significant presence in alternative assets.

'The private equity industry continues to face challenges around realizations,' CEO Bobby Le Blanc said in a Q3 earnings call. 'So, I’m particularly proud of what our teams were able to accomplish on this front.'

One measure of this sentiment is seen in the recent close of KKR’s debut mid-market product, Ascendant Fund, at an oversubscribed $4.6bn, despite rocky fundraising conditions.

Etienne tells us about her spiritual home in Brooklyn, her dream job as an interior designer, and why use of the word 'alpha' in private markets sometimes gives her pause.

After a four-year rollercoaster ride, private equity investing in software and tech companies seems due for a rebound. But post-2021 dislocation has not gone away.

Blackstone went into the belly of the beast – Silicon Valley – after the market fell apart in 2022, even building a deal team in San Francisco to capitalize on the inevitable correction and dislocation.

Hughes & Company was founded by Travis Hughes, formerly an executive at JMI Equity, where he specialized in healthcare IT and services investing.