Phil Tseng is stepping down as chief executive of BlackRock TCP Capital Corp (TCPC), following a difficult period for the listed private credit vehicle that has included substantial loan markdowns, scrutiny of its valuation practices and a significant restructuring of its investment portfolio, according to a report by Bloomberg.
HIG Capital has appointed former Blackstone executive Younghee Choi as Head of Asia within its Capital Formation Group, as the alternative investment firm looks to deepen relationships with institutional and private wealth investors across the region.
Alternative asset manager Arini has strengthened its private credit capabilities with the appointment of Ben Kunstler as head of hybrid capital, as the firm expands its private capital offering, according to a report by Alternative Credit Investor.
Fortress Investment Group is strengthening its private wealth operation outside the US with the appointment of regional heads for Europe and Japan, as the alternative investment manager steps up efforts to attract wealthy investors in international markets, according to a report by Bloomberg.
Women received just £366m, or 6.8%, of the £5.4bn in carried interest and other profit-share awards paid to senior executives at private equity and hedge fund firms last year, according to analysis of HMRC data by business advisers and chartered accountants Lubbock Fine.
HIG Capital has appointed Younghee Choi as head of Asia within its Capital Formation Group, as the alternative investment firm looks to expand its relationships with institutional and private wealth investors across the region.
Swiss private markets manager Partners Group has reported a 13% year-on-year decline in first-half net profit, while announcing a leadership change that will see Roberto Cagnati and Juri Jenkner take over as co-CEOs from January 2027, according to a report by Reuters.
PGIM is strengthening its secondaries business in the Middle East with the appointment of Lucas Radal as head of Middle East Secondary Investments for Montana Capital Partners.
KKR is strengthening its push into Japan’s private wealth market with the appointment of JPMorgan senior salesperson Sayori Kondo as managing director and co-head of wealth for Japan, according to a report by Bloomberg.
The UK’s Universities Superannuation Scheme has appointed Robert Ross, a senior private equity investment manager at the California State Teachers’ Retirement System, to oversee its private equity portfolio, according to a report by Bloomberg.
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