Alfie Crooks

The board’s vote to not extend its investment in the fund for a fourth time ran counter to its investment adviser’s recommendation.

The pension fund will aim to increase its exposure to private and public equity assets while eliminating its hedge fund portfolio.

The firm, now known as ECP Growth, will look to new investments and new sources of capital under its fresh moniker.

The measures were adopted as an 'insurance policy' against potential headwinds created by federal funding cuts and a proposed endowment tax.

The fund's target is $1bn larger than TPG's previous flagship's raise, but sets a more conservative aim than TPG Partners IX's $15bn target.

Mark Carney’s background may raise private equity’s expectations, but ‘the world is a different place than it was last December,’ CVCA’s Kim Furlong tells Buyouts and affiliate Private Funds CFO in an exclusive interview.

The pension plan reduced its private equity target to 26%, citing long-term liquidity goals and 'negative cashflows.'

As the gap in exit valuations looks unlikely to narrow any time soon, some GPs may have to sell at a discount to begin to re-enter the fundraising space.

An increase in exit volume to start the year was a small bright spot in an otherwise bleak outlook for private equity firms and fundraising, according to a study from KPMG.

The sovereign wealth fund will look toward more investments in venture capital funds, along with wider definitions of in-state impact, in an attempt to revamp the program.