Christopher Witkowsky

The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.

The industry trade organisation has released the first of five reporting templates expected to help simplify and standardise reporting in the private equity industry.

The firm will target slightly more for the fourth private equity fund than the $700m it raised for Fund III. Earlier this year, Blackstone bought a 40% stake in Patria for $200m.

A majority of LPs will be looking to maintain their allocation levels to private equity, or even decrease those levels, and most will only have a limited interest in meeting new GPs, according to a survey from Probitas Partners.

CalPERS has received numerous recommendations after a 'special review' of fees, including demanding all GP meetings take place at the pension's offices and not in 'expensive settings'.

PEI recently sat down with a panel of private equity LPs, including Michele Kinner of Quilvest, to get their insights into top issues in the industry.

The Indian financial services firm will pay $171.5m for a majority stake in the private equity and real estate fund of funds manager. Religare bought a stake in multi-manager Northgate Capital earlier this year.

The $8.8bn pension is shifting its focus to private real estate, away from REITs, as it increases its allocation to the sector.

The state pension giant, among the most active in the market with about $77bn in assets, has invested $1.3bn to five managers including Evergreen Real Estate, KSL, Vestar, Lone Star and Sheridan Production Partners.

New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.