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Subdued distributions, an aversion to tech and declining valuations were among the key trends shaping private equity in the region last year.

Negative returns in credit, funds of funds and emerging markets dulled the $402bn institution’s PE performance last year, investment committee documents show.

The UK-headquartered firm is set to hold final closes this month on two northern European mid-market focused vehicles, Genesis 9 and Saturn 2.

Private equity, which still offers the largest carry and salary, typically pays lower bonuses, according to research by salary comparison firm Emolument.

Asset allocators often assume diverse managers are impact investors, says NAIC president Robert Greene.

Secondaries transaction volumes exceeded $80bn for the first time, but slower growth in parts of the market has put a check on over-exuberance.

The Singaporean firm held the final close on Quadria Capital Fund II on $595m after raising its hard-cap from $500m, managing partner Abrar Mir tells PEI.

Yasuyuki Tomita, who was promoted from DBJ Asset Management last year, will oversee the development of a growth equity platform targeting domestic SMEs.

Who had the biggest effect on the industry in 2019? This year the award goes to an advisor for the first time.