Private Equity

As one of the earliest investors in private equity, we have deep and proven experience sourcing best-in-class investment opportunities and managing private equity programs that meet our clients’ investment objectives.

Private equity has come a long way since the early days of leveraged buyouts. Today, the private equity universe spans numerous strategies with varying levels of risk and highly dispersed returns across a vast and ever-evolving universe of opportunities.

The complexity and vastness of this opportunity set—and the importance of finding and investing with the small universe of managers who can deliver outperformance—requires extensive resources and specialized expertise. Robust knowledge of the private equity landscape and deep global networks, built over 40 years of investing in this asset class, provide us with a natural pipeline of new manager ideas as individuals spin out of their prior firms to set up their own shops. We have also often been able to use our market presence and scale to negotiate more favorable fees and terms for our clients.


As the second largest economy in the world, China remains an important destination for global investor capital. Yet, the pace and scope of China’s regulatory crackdown are causing concern. In this edition of VantagePoint, we review the nature of regulatory developments and their impact on the investment opportunity set. We believe that dedicated, strategic allocations to Chinese assets are still warranted. Investors should carefully consider their sector exposure and evaluate managers’ capabilities in the current regulatory and geopolitical environment.