Managers
Relations between limited partners and general partners are in a state of flux amid ongoing economic volatility, according to a new report from Barnes & Thornburg, which draws on insights from a survey of 125 LPs, GPs, and service providers across the private funds landscape.
The 2023 Investment Funds Outlook Report which covers the evolving relationship between LPs and GPs as the latter compete for investor capital, examines the private funds outlook for several key sectors, including cryptocurrencies, life sciences, and real estate private equity (PE), and finds that GP will need to find innovative ways to attract LP dollars
CoVenture, an alternative asset management firm focused on direct credit opportunities and credit-oriented investments in early and late-stage companies, has made two new female additions to its team – Dalia Bauman as a vice president in the hybrid capital team, and Molly Cline as an associate on the capital formation team.
Chase Coleman’s technology-focused investment manager Tiger Global is exploring options to cash in a part of its $40 billion portfolio of privately held companies through secondary market sales, according to a report by Bloomberg.
Emerging alternative investment managers are prioritising the acquisition of top talent, and investments in third-party data providers and technology platforms as they look to grow their businesses in 2023, according to a new report by alternative investments fintech Dynamo Software.
A steep decline in asset sales from its private equity portfolio, coupled with lower transaction fees, saw KKR & Co Inc’s after-tax distributable earnings fall 26% year-on-year in the first quarter of 2023, according to a report by Reuters.
With higher interest rates, ongoing geopolitical tensions, and market volatility all negatively impacting deal-making, KKR along with other including private equity firms including Bain Capital, Blackstone Inc, and Carlyle Group Inc, exited fewer investments during the first three months of the year, with the firm’s after-tax distributable earnings – the cash available for paying dividends to shareholders – falling to $719.3
A $12.7 billion venture capital fund set up by New York-based hedge fund Tiger Global Management in October 2021 to support tech startups, has been hit hard by a decline in tech sector valuations with the fund suffering a 20% net loss as of December last year, according to reports.
Portfolio company valuations in the global private equity market remain at an elevated level meaning companies are having problems exiting their investments, according to Edwin Conway, global head of BlackRock Alternatives.Â
Great Point Partners, a Greenwich, Connecticut-based private investment firm, has opened an office in London as part of its strategy to integrate its North American and European operations to support existing and prospective portfolio companies.
Investec Bank (Investec) has appointed Marc Potel as head of industrials M&A. He will support the growth of Investec’s European M&A footprint, which has expanded from 20 to 120 people over the past five years.
Potel joins Investec from Jefferies, where he spent five years as head of general industrials EMEA. He brings almost 30 years’ worth of experience within financial services – having previously held managing director roles at Nomura, Richmond Park Partners, Citigroup and KPMG, and has previously worked inon more than 50 industrials sector deals with a transaction value in excess of $50 billion.
Potel will
Apollo has strengthened its footprint in Europe with an expanded regional hub in London, in line with its broader global growth strategy. The US private equity giant is bringing together its teams from offices at 10 Portman Square and 25 St George Street into a new construction location at 1 Soho Place covering 88,000 square feet over 4 floors.
Apollo said the move would help further its offering of leading, integrated asset management and retirement services capabilities on a global basis, including across European markets.
The move follows the firm’s other recent new or renovated workplaces in Singapore, New York, Greenwich,
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
