Christopher Witkowsky

The private equity investment bank has expanded its New York office with the hiring of former placement agent executive Jonathan Jameson.

Firms including Bain, Apax and CCMP are pledging significant sums to better align interests with investors, many of whom want to see ‘cash up front’.

Presidential politics are of little concern, say Bain LPs, who in various interviews emphasised flexible fund terms and a focus on operational improvement as their core areas of focus.

Francie Heller has formed Heller Advisory to raise capital for private equity, real estate, hedge funds and other asset classes.

Firms need to make sure the right management team is in place at portfolio companies to execute the investment plan, and awareness is growing of the importance of human capital professionals to accomplish those evaluations.

Fund managers are increasingly expected to explain precisely how they created operational value in portfolios, according to speakers and delegates at PEI’s 2012 Operating Partners Forum.

A study published by a trade group representing minority and women-led firms reveals that firms which have greater diversity amongst their staff have produced superior returns than their rivals since 1998.

Public Pension Capital, launched by Perry Golkin and Michael Tokarz, is offering ILPA-like terms on its debut fund.

Dana Pawlicki, a founding partner of Evercore Partners private funds group, has joined start-up fundraising firm Stonington Capital.

Bruce Feldman, former head of alternatives at the Pennsylvania State Employees’ Retirement System, saw the industry tilting toward ‘key’ LPs.