News & Analysis

The influential European LP is considering whether to use a fund of funds – something it has not done in its 10-year history – to access the Chinese private equity market, as it doubles its allocation to emerging markets.

Elizabeth Seeger, head of KKR's green portfolio programme, discusses the initiative on the sidelines of the PEI Responsible Investment Forum in London.

Margot Wirth, head of private equity for the $133bn pension, sees a shift away from totally ‘blind trust arrangements’.

The global firm will publish details of its environmental, social and governance programme by the end of the year, said European head Johannes Huth at the PEI Responsible Investment Forum on Thursday.

GPs under pressure to deploy capital are easy prey for asset-touting M&A bankers, writes Philip Borel.

Yet another twist in the US carried interest tax drama makes carry even more legitimate.

LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.

The pension's board, which manages about $110bn in assets, has also significantly increased the target for private equity, as well as strategic investments, which includes debt funds and infrastructure.

A San Diego pension recently committed to the fund after negotiating carried interest down to 15% from 20%. Highland is raising the fund in partnership with investment firm PetroCap.

Best-in-class European fund managers will want to follow the current status and future trends of the private equity fund administration market. By Alain Kinsch and Kai Braun of Ernst & Young