A senior European investment duo from Warburg Pincus – David Reis and Rianne Schipper – are preparing to leave the firm to establish their own private equity platform, adding to a growing wave of spinouts across the region’s buyout industry, according to a report by the Wall Street Journal.

The California Public Employees’ Retirement System has expanded the responsibilities of private equity chief Anton Orlich following a notable improvement in PE portfolio investment performance since his appointment, according to a report by the Wall Street bJournal.

Permira has appointed Mike Hoffmann, formerly of Thoma Bravo, as a partner in its technology investment team as it accelerates efforts to position itself for a wave of AI-driven transactions, according to a report by Reuters.

Perella Weinberg Partners is set to cut almost 10% of its global workforce, including around a dozen partners, as it redirects resources toward stronger-performing business areas, according to a report by Bloomberg citing an unnamed person familiar with the matter.

MiddleGround Capital has announced a series of firmwide promotions, including the elevation of Roland Veldhuijzen van Zanten (pictured) to Managing Director, as the operationally focused investor continues to scale its European and North American investment platform.

Advent International has appointed Patricia Cross, AM as an Operating Partner for its Australia and New Zealand business, strengthening its senior advisory capabilities across the region as it continues to expand its portfolio support function.

KKR has appointed Masahiro Shuto, a former president of Morgan Stanley Investment Management’s Japan arm, as a managing director and head of its Japan capital markets business, according to a report by Bloomberg citing an internal company memo.