News and Analysis

The investment committee earlier questioned the firm’s DEI efforts along with its accuracy in answering related questions.

The dearth of experienced professionals is exacerbating the pressure on LPs who are dealing with a crush of new funds in market, and re-up requests at unprecedented rates.

'We should be everywhere first,' Stephen Schwarzman, Blackstone’s CEO, said at the Bernstein 38th Annual Strategic Decisions Conference.

LPs are beset with a glut of requests for re-ups from their existing managers, in many cases at a much quicker pace than ever before.

Many public pension funds are approaching allocation caps as frantic fundraising pace continues.

The $46bn medical research endowment wants to be aligned with GPs who roll over and compound their exposure to assets rather than those who sell down, Robert Coke, head of buyout and residential property, tells PEI.

While partner departures are generally viewed with concern by LPs, in this case the three individuals leaving represent a kind of “changing of the guard” at the firm.

Diversity has become a flashpoint for board members of many LPs, who believe they can steer managers into paying more than lip service to the topic.

Of primary interest will be high-growth tech businesses that prove their mettle 'as the tide goes out,' Leon Pedersen, CPPIB's new head of growth equity, told Buyouts.

The Tallahassee-based public pension fund starts the year with three private commitments.