Christopher Witkowsky

A formerly unified LP universe is dividing based on those building customised accounts and those sticking to the traditional fund commitment route, Hamilton Lane CEO Mario Giannini said.

The firm's initial public offering debuted at $22 per share, below its low-end expectation of $23 per share. The firm raised $671 million in the offering.

The $126 billion pension system has made a sizable commitment to BREP VII as part of its overall goal of committing $6 billion to alternative investments over the next three years..

The indictment of Detroit's former treasurer has revealed an alleged pension pay-to-play scheme, in which several private equity real estate managers, consultants and small-scale buyout firms are accused of providing bribes in exchange for business with two of the city’s municipal pension systems.

The revolving door of private equity leaders at US public pensions continues to spin as Steve LeBlanc, one of the most influential LPs in the market, has decided to head to the private sector.

The position at the $1 billion university endowment will help to source new managers and monitor the existing portfolio, which includes real estate.

The Massachusetts-based college, which has a $1.8 billion endowment, is searching for a new head of alternatives following the departure of Tim Joeng, who led real estate, buyouts and venture for five years.

Christine Pastore, who headed up the $70bn system’s real estate investment programme, will leave a legacy of strong GP relationships, including an innovative partnership with Blackstone.

The firm has expanded its LP base from 275 to 400 in an effort to expand beyond its private equity roots, which includes real estate.

Secondaries deal volume hit historic levels last year and is widely expected to keep the pace in 2011, thanks in part to the strong performance of real estate-related funds.