Goldman Sachs Asset Management started rolling out an AI education program to its portfolio company CEOs earlier this year as investment in the technology continues apace and at the expense of other outlays, Michael Bruun, global co-head of private equity at GS Alternatives, and Lou D’Ambrosio, head of GS Value Accelerator, told PE Hub.
House Republicans are scheduled to mark-up a package of tax bills on Tuesday and the first draft of the legislation protects the private equity industry’s low taxes on carried interest, Private Funds CFO has learned.
Private equity giant TPG has entered the fundraising market looking to raise $13 billion for its 10th mega-cap flagship fund, according to pension documents. (Buyouts)
Monroe Capital, a Chicago-based private credit manager with $19.5 billion in assets under management, has joined with MA Asset Management, part of the MA Financial Group of Australia, and the Sumitomo Mitsui Banking Corporation of Tokyo in a joint venture designed to invest as much as $1.7 billion in senior secured loans in US mid-market borrowers. (Private Debt Investor)
Clean energy investment firm Aligned Climate Capital has turned to institutional investors to raise $240 million for its sixth solar fund, exceeding a target of $200 million. “This is really our first infrastructure fund that was purpose-built for institutional investors to come in,” Aligned CEO Peter Davidson told New Private Markets.
Microsoft and Meta crowd into EFM’s forestry and carbon strategy: Managing director Amrita Vatsal says the firm is hopeful that the involvement of Microsoft, which has strict due diligence procedures for carbon credit projects, will help de-risk its strategy for other LPs. (Agri Investor)
Jean Rogers, the former global head of ESG at private markets giant Blackstone, has joined an impact investment firm that runs strategies focusing on sustainable infrastructure in emerging markets and global ocean health. The firm, Pegasus Capital Advisers, was started nearly 30 years ago by one of the original founders of Apollo Advisers, Craig Cogut. (New Private Markets)
Navigating the energy transition in the new abnormal: Investors are exercising caution amid a regulatory landscape upended by President Donald Trump, but find long-term confidence in the energy transition and decarbonization remains strong. (Infrastructure Investor)
Kirkland & Ellis has further strengthened its secondaries bench with the hire of two partners in North America. New York-based Andrew Gershon and Semhar Woldai join Kirkland’s liquidity solutions practice from Debevoise & Plimpton and Weil, Gotshal & Manges, respectively, according to a statement seen by Secondaries Investor.
