Key Takeaways
- • Ardian's head of buyouts is stepping back into a reduced role, the latest in a series of leadership changes at the European private markets firm, according to PEI Private Equity's 7 June 2023 Side Letter brief.
- • Insight Partners is reportedly targeting approximately $17bn for a new mega-fund, per the same brief.
- • South Korea's National Pension Service (NPS) is increasing its allocation to alternative investments.
Summary
PEI Private Equity's Side Letter brief of 7 June 2023 covers three developments in private markets. The lead item concerns Ardian, the European private markets group, whose buyout head is taking a reduced role. The brief frames the move as the latest in a series of leadership changes at the firm, though the primary source excerpt available for this summary does not provide further detail on the replacement arrangements or the rationale behind the change.
The brief also reports that Insight Partners is back with another mega-fund, with a target of around $17bn. The growth-equity and venture-focused manager has been raising successively larger vehicles, and the $17bn figure places this fund among the larger private technology-focused raises. The excerpt available does not specify the final close status or the fund's strategy breakdown.
Finally, the brief notes that Korea's National Pension Service is increasing its alternatives allocation. NPS is one of the largest pension funds globally, so changes to its alternatives target carry weight for general partners raising capital in private equity, infrastructure, real estate and private credit. The source material available is limited to the brief's headline and introduction, so specific allocation percentages and dollar figures are not included here.
The brief is available to PEI subscribers, and the full edition likely contains additional detail on each item.
The brief also reports that Insight Partners is back with another mega-fund, with a target of around $17bn. The growth-equity and venture-focused manager has been raising successively larger vehicles, and the $17bn figure places this fund among the larger private technology-focused raises. The excerpt available does not specify the final close status or the fund's strategy breakdown.
Finally, the brief notes that Korea's National Pension Service is increasing its alternatives allocation. NPS is one of the largest pension funds globally, so changes to its alternatives target carry weight for general partners raising capital in private equity, infrastructure, real estate and private credit. The source material available is limited to the brief's headline and introduction, so specific allocation percentages and dollar figures are not included here.
The brief is available to PEI subscribers, and the full edition likely contains additional detail on each item.
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