Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The $1.8trn asset manager wants to push its evergreen private markets franchise beyond the wealth channel and deeper into EMEA.
Scott Kleinman, co-president of the firm, said at an industry event on Wednesday that the real obstacle is sellers being unwilling to accept the price the market is offering.
Developments including the evolution of use cases and a wider universe of lenders are creating a more flexible yet complex ecosystem.
The firm's US buyout strategy distributed capital at more than double the industry rate, chief executive Harvey Schwartz noted on the firm’s latest results call.
Documents prepared for an LP investment committee meeting reveal details of the GP stakes giant's approach to generating liquidity.
The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.
The firm has not levered its private credit evergreen funds in the same way some of its peers have, according to chief executive David Layton.
The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.
As part of the tie-up, Amundi will pick up a 9.9% stake in London-based ICG by June 2027.
ILPA will also update its due diligence questionnaire template and introduce a retail capital section in light of recent developments, Neal Prunier, managing director for industry affairs at ILPA, tells PEI.