Private equity AUM, now totaling $135bn, is expected to double in the next five years to reach $270bn, co-heads David Sambur and Matt Nord said at Apollo’s 2024 Investor Day.
The sovereign wealth fund will likely have to increase its commitments to the asset class to $1.5bn in FY2025.
As some portfolio companies have thrived and grown beyond expectations, many firms are looking beyond the traditional public filing for solutions.
The pacing projections were set a week after the system’s investment committee approved a rebalancing of its funds' private equity target allocations.
Deal attribution is a major factor in helping potential fund investors understand the track record of the founders.
Some curtailment of the scope of direct investing, and the reintroduction of fund investing, mark a fundamental shift from the past practice of an innovative Canadian institution.
The New York manager, an investor in complex and regulated sectors, said in a pension presentation it had closed and circled more than $1.7bn for Fund VI.
Meier, who oversees assets worth $272bn, believes private equity's fees are 'too high'.
Albert’s departure comes as Patient Square moves through fundraising for its second private equity pool.
‘It's the golden age of flexible capital,’ Angelo Rufino, Bain's head of North America special situations and corporate special situations in Europe, tells Buyouts.