Temasek's Azalea Raises $1 Billion Across Three PE Structures: What Each Means for LPs
TL;DR: Azalea Investment Management, the Temasek-backed platform that gives accredited investors a door into institutional private equity, announced on August 24, 2026 that it raised more than US$1 bi
The Liquidity Promise Evergreen Private Equity Funds Can't Keep
TL;DR: When Blackstone's $69 billion Real Estate Income Trust (BREIT) hit its 5% quarterly redemption cap in late 2022, it took until 2024 to pay out the full backlog of investor requests, and only af
How to Build an Illiquidity Budget Before Committing to Alternative Investments
TL;DR: Before you wire a dollar into a private equity fund, a venture vehicle, or an evergreen private credit product, size an illiquidity budget first. Cambridge Associates' framework is a useful
Hamilton Lane Closes $3.8B Equity Opportunities Fund VI: What It Actually Means for Accredited Investors
Hamilton Lane just closed its sixth direct equity fund, Equity Opportunities Fund VI, at $3.8 billion raised in and alongside the fund — up 81% from the $2.1 billion its predecessor collected. That's
Partners Group Just Gated Its $8.6B Evergreen PE Fund: What Accredited Investors Need to Know Now
Partners Group gated its $8.6 billion Partners Group Global Value SICAV on June 3, 2026, after quarterly redemption requests reached 9.8% of net asset value, nearly double the fund's 5% contractual...
Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand.
Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand. TL;DR: On June 3, 2026, Partners Group activated its redemption cap on the $8.6 billion Global Value SICAV fund after...