Federated Hermes has announced the successful closure of its fifth flagship Private Equity Co-investment fund (PEC V LP, PEC V, or The Fund).
HarbourVest Partners, a global private markets investment specialist, has announced its partnership with AP7, a Swedish government pension fund, as a founder investor in a new private equity strategy. The USD835 million USD anchor investment was made in January 2023 in a new open-ended evergreen private equity solution designed for non-US institutional and High Net Worth (HNW) investors.
Morgan Stanley Investment Management (MSIM) has held a first close for the 1GT climate private equity strategy (1GT) at USD500 million of equity capital commitments. Investors include public and private pension funds and an insurance company in the Nordic region, Germany and the UK.
BlackRock Alternatives, through its Private Equity business, has launched two new European Long-Term Investment Funds (ELTIFs), designed to broaden access for institutional investors and private individuals across Europe to private equity opportunities globally. BlackRock Alternatives has raised nearly EUR1 billion across two existing ELTIF funds, focused on opportunities in Infrastructure and Private Equity more broadly.
BlackRock Alternative has published its latest white paper on the European Long-Term Investment Fund (ELTIF), in which it discusses the main advantages of the ELTIF model and the quiet explosion it has experienced since first introduced by the EU in 2015.
Despite higher interest rates leading to real returns being generated by bond portfolios for the first time in a decade, the UK and European private equity industry is not suffering a significant downturn prompted by investors turning to more traditional structures, according to professional services business JTC Group.
A recent analysis by S&P Global Market Intelligence on private equity investments shows the aggregate transaction value for private equity and venture capital investments in the UK plunged 61 per cent year over year in 2022, driven by a decline in large deals.
Specialist IT provider to the alternative investment sector, RFA, has announced advancements to their cyber security services enabling them to provide enhanced solutions to the private equity and hedge fund sector.
With a mission to democratise private equity investments, ICG Enterprise Trust’s Head of Private Equity Fund Investments, Oliver Gardey, explains that the firm aims to broaden access to and awareness of private equity.
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