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Blackstone collects $26bn for biggest ever private equity fund

Blackstone Capital Partners VIII has eclipsed Apollo Global Management's ninth flagship fund to claim the title.
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SotD 2010: Rise of the big PE houses 

Blackstone’s modest $200m first close in 2010 was vastly overshadowed by the $14bn it raised for its relaunched vehicle in 2019. Now KKR, Carlyle and Apollo are also eyeing the asset class hungrily. 
GP commitment

GPs with more skin in the game make safer bets – report

GP ownership is a significant factor in risk-taking, according to a study from the Norwegian School of Business and Goethe University Frankfurt.
Chart, decline

Hurdle under threat as managers question one-size-fits-all approach

The share of PE firms that removed the hurdle rate doubled in 2019, while only 60% of funds are sticking with the standard 8% preferred return.

Carlyle will convert to C-corp, offers single class shares

In making the switch, the firm follows in the footsteps of its listed peers KKR, Blackstone and Apollo Global Management.

KKR prepares for rapid AUM growth

The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.
Co-investment

Co-investment is ‘not a silver bullet’ – report

Median co-investment returns have plummeted from a high of 56% in 2003, according to data from CEPRES.

Gender diversity increases performance and IRR – report

A study by HEC Paris and MVision Private Equity Advisers finds that gender diverse investment committee teams outperform all-male teams across several industry metrics.

Abraaj’s Abdel-Wadood pleads guilty in US court

Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.
Picture by James Clarke. www.jamesclarke.me, james@jamesclarke.me, 07941 676821.

Naqvi lawyer: US ‘political interests’ behind Abraaj charges

Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.
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