Joe Marsh

The $1.15trn sovereign wealth fund is also centralising data using AI across its private equity portfolio amid persistent geopolitical instability, said operating partner Jose De Ochoa at a PEI conference.

Managers selling minority stakes in their businesses can have implications for LPs invested in or considering the relevant GPs' funds.

Stonehage Fleming and GreenBear Group want to see aging funds wound up as quickly as possible to avoid issues such as questions around valuations.

Fund allocators such as Goldman Sachs’ external investing group and Allianz Global Investors are putting more focus on rising private debt GP consolidation.

The asset manager is also recruiting for an equivalent North America role as it looks to raise more capital from insurers.

The A$200bn Australian retirement fund has appointed an executive in London to lead valuations of direct infrastructure and property investments.

The accuracy and frequency of private equity asset pricing is becoming a bigger issue for investors.

There have been cases when continuation funds have been 'misused and overused,' according to Teia Merring, senior investment director at USS and chair of ILPA.

But it’s still a tough market for new GPs, given continued fierce competition for scarce investment capital.