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Tough fundraising environment sees PE management fees drop to record low

Private Equity Wire

Management fees for private equity buyout funds have fallen to their lowest level since tracking began in 2005, as fund managers face increasing pressure to attract investors in a challenging fundraising landscape, according to a report by the Financial Times. Another factor influencing lower fees is the growth in fund size.

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Transcript: Mathieu Chabran

The Big Picture

The transcript from this week’s, MiB: Mathieu Chabran, Tikehau Capital , is below. Mathieu Chabran is the co-founder of TIKEHAU Capital, a Paris-based alternative asset manager. I thought it was great, and I think you will also, with no further ado, my conversation with TIKEHAU Capital’s Mathieu Chabran.

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Alaska Permanent Is Reconsidering Private Equity

Pension Pulse

As it reconsiders this decision, the APFC Board heard from AQR, Pathway Capital Management, and Callan last week about why they should — or should not — make a change. Rather than allocate big pools of capital to large scale private equity funds, his team is hyper-focused on finding outperformers, many of which operate in the middle market.

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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

billion, the deal is the largest buyout in Australia this year and one of the biggest in recent history. billion), including debt and capital expenditure for committed projects. The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund.

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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps and below the 28.6

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A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Performance fees decreased by $621 million driven by fewer realization events in the private equity portfolio given the low transaction activity through the year, partially offset by strong performance of hedge funds.

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Transcript: David Layton

The Big Picture

They’re the largest listed buyout firm in Europe. I found David Layton, CEO of the firm, to be very thoughtful and very much different in how he thinks about risk-reward liquidity, various market sectors, processes, just the whole gestalt of we are a steward of capital with our clients, and we are aligned with those clients.

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