Christopher Witkowsky

Detroit's former treasurer has been indicted for allegedly seeking bribes from alternative investment fund managers and consultants in exchange for business with two of the city’s municipal pension systems.

The Carlyle Group has included a structure in its sixth fund that allows LPs to sell fund stakes early, taking bids from a group of five preferred secondary buyers.

Christopher Casey, who previously spent time at AIG Investments, joined Post Oak in 2010 to help raise the firm's debut fund.

The Teachers’ Retirement System of Louisiana has seen a lot of managers over the past few months, allowing it to cherry-pick its favourite funds, a luxury limited partners say they enjoy in the crowded fundraising environment.

Fees and expenses will be paid back to LPs before the group collects its share of carry, however pending bank regulations prevented Credit Suisse from putting more 'skin in the game'.

The firm, which registered for an IPO in September, had planned to bar its future unitholders from the ability to file class-action lawsuits, but has backed off on that provision.

The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.

Some LPs are refusing to commit capital to Euro-based funds when managers decline to provide a parallel dollar-based vehicle.

The US financial regulator has been watching how GPs value investments, which includes examinations of track records GPs use when trying to attract LPs into new funds.

Private equity, along with other alternative asset classes, will be under the microscope in Illinois, where politicians have formed a committee to determine if the pension systems are taking on too much risk.