Jeff Perlah

The departure of Jake Stuiver comes five months after that of Mike Custar, the founder of M2O's secondaries business.

A demand that the $206bn state pension consider only ‘pecuniary’ factors when investing does little to change its sizeable private markets program, writes Toby Mitchenall. Email prepared by Graham Bippart 

Investors are in for a long-overdue reunion with more pedestrian performance and other adverse outcomes of the evolving economic situation. The coming PE-induced financial crisis predicted by some is harder to see.

GPs tend to like externally set pricing as it represents a market-based mark.

Any attempts to streamline the GP-led process should provide guardrails, write Maurice Gindi, Kenneth Blazejewski and Sophie Smith from law firm Cleary Gottlieb.

Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.