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..., referring to institutional investors known as limited partners....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
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...the global economy....
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...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
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...illicit spending spree were Apollo’s limited partners....
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...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...Investors will put money in — and take limited quantities out — at the net asset value at that time....
...The jump comes just as the masters of the universe are labouring to return cash to limited partners amid an IPO and M&A slump....
...Globacap will aim to attract mid-sized UK companies to use the service, including some that are already listed, Milston said. “We’re not targeting the unicorns on day one....
...authors, Isil Erel, Thomas Flanagan and Michael Weisbach (who I’ll call EFW) use a Burgiss-MSCI database that includes fund-level data about the cash flows contributed by and paid back to investors (that is, limited...
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...The recipe for managing the Government Pension Fund Global has been broad and systematic risk diversification and economies of scale in open public markets....
...Over the past decade, banks have become a kind of one-stop-shop for buyout firms, which play an increasingly influential role in the global economy....
...The Pisces plan to run periodic auctions that concentrate activity over a short time window is sensible, given the likelihood of limited demand....
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