Home Authors Posts by Christopher Witkowsky
Relatively strong marks are pushing portfolios out of balance and forcing a discussion about why PE isn’t experiencing the kind of pain seen in the broader economy.
TPG has received approval for more time to deploy its sixth fund, in part by offering to use 100% of transaction fees on deals done during the extension period to offset the management fee.
The firm has asked LPs to give it more time to invest Fund VI, a move that could push the launch of TPG’s next fundraising into 2014.
Bruce Karpati helped establish the SEC’s fledgling asset management division, which focuses on alternative investment strategies, in 2010. He oversaw around 60 cases during his tenure.
The Orange County Employees’ Retirement System has published a policy document outlining its plans to push back against fees. The policy gives preference to strong performing managers that offer ‘the most advantageous fee structures’.
The emerging manager-focused fund of funds is seeking damages for alleged racial discrimination and breach of contract by CalPERS, CIO Joe Dear and 20 individuals attached to the retirement system.
Former CalPERS CEO Federico Buenrostro and placement agent Al Villalobos face charges for allegedly forging disclosure letters certifying that CalPERS knew Villalobos’ placement agency was working on raising various Apollo funds.
Ed Dandridge, the outspoken head of the National Association of Investment Companies, worked to highlight the strong performance of diverse and minority-led firms.
Andrew Caspersen has joined the firm to focus on the growing need of GPs to restructure aging funds that are approaching the end of their lives.
The mid-market firm hopes to manage a bigger pool of capital in exchange for a reduced management fee.