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Mike Bego, Kline Hill
The firm closed Fund III in April on $450m as well as an overage fund on $150m to take advantage of excess opportunities beyond the main fund's pacing.
Meng was in the process of launching a leveraged push into private equity and private credit.
Fund IX’s existing commitments already make it the biggest capital pool in Wind Point Partners' nearly four-decade history.
Steve Mermell said CalPERS was not representing the actual level of risk in its plan and is not being sufficiently transparent.
While most traditional LP portfolio sales activity is not expected to make a significant comeback until later this year, certain portfolios containing high-quality funds are trading at reasonable prices.
The PE group is planning to ratchet up its activity in Asia, Michael Graham, OMERS’ recently installed global head of private equity, told Buyouts in April.
The vehicle will start out in the liquid market but transition to the illiquid market over time.
The firm attributed the strength of its fundraising in the downturn to engaging in communications early and often with existing LPs and prospects.
The downturn could prove to be a boon for GP-led secondaries deals as managers look for ways to deliver distributions to LPs in older funds even as they push off exits.
While there are promising signs, particularly in fundraising, the next few months are murky as investors try to gauge the markets in the second half.
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