Sousou’s retirement comes as TowerBrook, formed in 2005, raises its sixth fund, targeting $4bn.
Maintaining a relationship between two private equity professionals can be a challenge, as work and travel take up most of their time. 'It forces us to be intentional about how we spend time together.'
The fund will create a co-investment underwriting program focusing on private equity assets and increase its private equity commitments by 1 percentage point on a yearly basis.
As the continuation fund market evolves and expands, it’s inevitable that some of the assets would fall into bankruptcy.
In perhaps the most significant change, OMERS, a pioneer of institutional direct investing, is launching a new global private equity funds strategy.
Set up in 2021 by CEO Marcia Page, co-founder of Värde Partners, MPowered is part of new wave of private market GPs run by seasoned female dealmakers.
Getting to 'the next trillion,' president Connor Teskey said, will be achieved by enhancing fundraising channels, scaling product offerings and building and buying new businesses.
CERS’s investment committee approved a new plan that would drop the retirement system’s allocation to private equity to 8% from 10%.
The write-down will not impact Alaska Permanent’s private equity strategy, a spokesperson told Buyouts.
Any hint of drift, or hiccup in performance, or even drama in the ranks, could be a reason for an LP to skip out on the next fund. It’s a precarious environment right now.