Liquidity from the system’s PE portfolio dropped off over the past two years.
Distributions are key to an improved fundraising market. 'DPI tells the story,' says QED co-founder and chief investment officer Frank Rotman.
An extended timeline to liquidity means LPs will be more careful about which GPs they continue to allocate to in 2024.
HATCo and Summa Health anticipate finalizing a definitive agreement in the next several months.
VCs foresee more flat and down rounds this year for companies that last raised capital at heady valuations during the venture boom.
The Palo Alto-based firm lives up to its name as it raises third fund from LP base including institutions from around the world.
Christopher Ailman, one of the longest serving public CIOs in the US, has been instrumental in growing the pension’s private markets portfolio and continues to shine a light on sustainability and ESG.
PE firms lead in AI/ML adoption, with 33% reporting that they have already adopted the tech, while just 19% of venture capital firms say the same, according to a new survey by tech provider Allvue.
Vintage Investment Partners, which is an investor in funds from Accel, a16z and General Catalyst, closed its fourth growth-stage fund at $200m, bringing its AUM to $4bn.
The VC unit will consider re-opening JP Fund I to test international appetites before launching its second Japanese fund of funds later this year, PEI understands.