Amanda Janis

Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.

Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.

Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.

Richard Allsopp, who established and led UBS’ private placement division for 10 years, will join the London-based boutique as it further expands into infrastructure. In the wake of Babcock & Brown’s collapse, Allsopp helped Babcock European infrastructure spin-out to become Arcus Infrastructure.

The European trade body is the latest to stress placement agents ‘play a crucial role’ in the private investment fund industries.

The European Venture Capital Association has written in support of the private placement industry in a letter to the Securities and Exchange Commission, currently accepting comments on its proposed rule that would see placement agents banned from interacting with public pensions. “Policymakers are unlikely to deter unethical practices by outlawing legitimate market practice,” wrote EVCA […]

The European trade body is the latest to stress placement agents ‘play a crucial role’ in the private investment fund industries.

The European trade body is the latest to stress placement agents ‘play a crucial role’ in the private investment fund industries.

The tech-focused affiliate of Natural Gas Partners has more than doubled the size of its prior fund, which backed companies including turbine maker TPI Composites.

Investment staff will recommend the US pension giant increase its target allocation to private equity to 14%. It currently has 11.7% of its assets, or $21bn, invested in the asset class.