Christopher Witkowsky
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
The New York-based firm’s second and third funds have underperformed LPs’ expectations, and some large investments in its most recent fund have struggled. But the firm has some unrealized investments that may yet be game changers
Richard Slocum, a highly-regarded LP who helped craft the ILPA Private Equity Principles, will join the family office of the Johnson Family as CIO.
Leon Black-led Apollo - which has approximately $10bn in dry powder - believes the volatile markets could be rife with opportunities.
Leon Black-led Apollo -- which has approximately $10bn in dry powder -- believes the volatile markets could be rife with opportunities.
A law passed in June would allow the $65bn pension system to raise its allocation to private equity, to the chagrin of some lawmakers who don’t like the asset class.
Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
The $154bn pension system will also work to decrease holdings in opportunistic and value-add investments and reduce leverage in the portfolio.