Gregg Gethard
KKR Ascendant Fund portcos will incorporate equity ownership plans.
Cortec’s eighth fund has received commitments from LPs that reduced PE pacing plans or see distributions outgaining contributions.
Connecticut’s investment advisory committee approved $350m in commitments, split equally between HarbourVest’s latest flagship secondaries fund and a connected co-investment vehicle.
The manager has raised $4.8bn for Dover XI, which has an ambitious target of $12bn.
The private equity portfolio of the under-the-radar retirement system paid $1 billion more in contributions than it received in distributions.
LPs have become focused on distributions as they balance liquidity needs in a difficult marketplace.
The lower middle-market manager invests in a wide array of consumer, services, distribution and niche manufacturing companies – including three geared toward DIY car enthusiasts.
The nation’s second largest pension system sees potential for greater returns and adding to sustainable investing by increasing its allocation to private equity.
New Jersey Division of Investments placed a commitment seeking to bring more industrials holdings into its PE portfolio.
Cliffwater took the rare step in deciding to not apply to continue the position.