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Why LPs don’t stress when GPs mess with the pref

The hurdle rate is facing downward pressure; investors might just let it slide.

KKR in five charts

As the manager prepares to close what could be the year's largest fund on more than $7bn, we bring you interactive charts on its AUM growth, past fund performance, fees, team growth and more (hover over to go full screen).

KKR loses third founding member from European infra team

Senior director Ram Kumar’s mid-July departure follows the exits of director Guido Mitrani in March and global co-head Jesus Olmos in April.

Exclusive: LPs push Blackstone to raise infra fund’s hurdle rate at first close

One investor said the original rate was ‘just not a standard hurdle’, as we take a closer look at the $5bn first close, one of the industry’s largest first closes for a debut fund.

Why LPs will start calling the shots on subscription lines

The question is 'when' not 'if' at this stage, with Cambridge Associates' Andrea Auerbach pointing out GPs have been flocking to these facilities 'in droves, like a Black Friday shopping mob'.

How carry is taxed in Luxembourg

The Grand Duchy is benefiting from Brexit uncertainty. Partners from law firm Loyens and Loeff examine how it treats carried interest.

Stonepeak in four charts

Its third fund is the year's biggest fundraising so far. With more than $15bn of capital under management, we profile one of the industry's biggest managers.

Unlisted infra key to Australian superfunds’ success

Private markets exposure is paying off Down Under, according to research from consultancy Chant West, with infra and PE among the best-performing asset classes.

Japan’s Chikyoren seeks out alternative asset managers

While the $217bn public pension fund, which has to date invested $162m in overseas infrastructure, focuses on core strategies, it is also eyeing core-plus opportunities.

CalPERS’ fiscal year performance led by 20% infrastructure returns

The $351bn pension fund’s results in the asset class exceeded the benchmark by 14.16 percentage points.
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