More than half of family offices globally rebalanced their portfolios in March, April and May to manage risk from the market sell-off, according to Swiss bank UBS. Family offices largely stuck to their long term strategic asset allocation, but also made tactical...
The Fund & LPs: New York City-based asset management firm, Riverstone Holdings LLC (Riverstone), has raised USD 988.5mn in total capital commitments for its private equity fund, Riverstone Echo Continuation Fund LP (the Fund), according to its filing with the SEC,...
Before the global financial crisis, hedge funds were supposedly the masters of the universe. They amassed countless tens of billions in assets under management, enjoying juicy fees of around 2% a year plus 20% of the upside. Flash forward to last year, before...
Even the best-laid plans of senior leaders can go awry, especially when a major crisis hits. Principal investors who began 2020 with a clear strategic roadmap now find that the waypoints have shifted considerably. As a result of the COVID-19 pandemic, most investment...
PEs must understand and factor in how the market and economy may behave in future. If the impact on the public market is likely to persist over the long term, it is advisable to realign the exit strategy and consider a private market exit. A billion-dollar...
