Chris Witkowsky

Biggest carry check went to Apollo Credit Opportunity Fund I Pension has paid a total of $3.4 bln in carry to active funds since inception Has collected $24.2 bln in realized net profits Apollo Global Management is a profit-generating machine according to fresh data released by the California Public Employees’ Retirement System Tuesday. A single fund managed […]

Rather than a traditional fundraise, you might say Warburg Pincus spent a few months arranging limited partner allocations to its latest flagship fund like a jigsaw puzzle. The requested commitment size of every LP in the fund, which recently closed with $12 billion in external commitments, was “cut back,” according to a person with knowledge […]

I met with an LP the other night for drinks at one of the fancy bars financial types frequent. We chatted about the state of the market, and as is usually the case, the LP wanted to compare notes about certain GPs. “What have you heard?” I usually get that question when an LP is […]

Blackstone brought in co-investors to help fund the deal Sale included a ‘deferred payment’ Largest trade of real estate secondaries Some secondary market participants questioned the fairness of CalPERS’ recent sale of a $3 billion real estate portfolio to Blackstone Group’s Strategic Partners division because the deal was brokered by Blackstone’s former placement agency. CalPERS told […]

Jeremy Weisberg worked at Pantheon since 2011 Joins GIC as assistant vice president GIC ramps up secondaries capabilities Jeremy Weisberg, a former senior associate on Pantheon’s secondaries program, joined GIC recently, according to two people with knowledge of the move. Weisberg’s LinkedIn profile shows he joined the Government of Singapore Investment Corporation in October as […]

Next-generation secondaries program could total $6 bln to $7 bln Targets around $2 bln for commingled Fund VI Big contribution to come from Dutch pensions A major secondaries buyer is back in the market raising a pool expected to total $6 billion to $7 billion. AlpInvest Partners, owned by Carlyle Group, is in the market raising AlpInvest Secondaries Fund […]

Permira eyes 6 bln – 7 bln euros for Fund VI Expects to launch fundraising in first quarter Fund V over 60 pct deployed Permira plans to bring its sixth flagship fund to market in the first quarter targeting up to 6 billion euros ($6.4 billion) with a 7 billion euros hard cap, according to […]

Miller left OPTrust in June Replaced by Morgan McCormick Not clear if Miller has taken another job Spencer Miller, managing director at OPTrust Private Markets Group who ran the London office, left earlier this year, a spokeswoman for the pension manager confirmed Monday. Miller was replaced by Morgan McCormick, a managing director who is now running […]

HarbourVest targets $250 mln for debut mezzanine fund Plans to charge 12.5 pct carried interest rate Overall mezzanine fundraising soars this year HarbourVest Partners is in the market with its first ever commingled mezzanine fund targeting $250 million, according to a limited partner who has heard the pitch. HarbourVest is an investor in mezzanine debt, but […]

Jason Wood focuses on co-investments Worked at Zurich Alternative Asset Management for three years Not clear if Zurich is directly replacing Wood Jason Wood, a director at Zurich Alternative Asset Management, left recently and joined AIG Investments, according to a source and Wood’s LinkedIn profile. Lauren Kochendarfer, a spokeswoman with AIG, confirmed that Wood joined AIG […]