人民财讯11月26日电，辽宁省人民政府办公厅印发《关于促进私募股权投资基金高质量发展的实施意 见》，其中提出，到2027年底，全省多层次、分领域、全周期私募股权投资基金体系基本形成，市场活 跃度不断增强，各类基金认缴规模力争突破1800亿元；到2030年底，各类基金认缴规模力争突破2500亿 元，对全省高质量发展的贡献度明显提升。 ...

South Korea’s private equity fund industry promised new “self-regulation” after a string of controversies shook public confidence and triggered calls for tighter oversight https://t.co/JoG7japlGZ ...

Three Wall Street heavyweights are poised to suffer a total loss on a deal for a portable-toilet company orchestrated by Platinum Equity, spotlighting the hazards of a controversial strategy that’s gained traction across private equity https://t.co/ddcbyZud6s ...

Group 1 - The private equity industry is often misunderstood, characterized as opaque and aggressive, but it is actually dynamic, collaborative, and increasingly transparent, focusing on long-term value creation [1] - Private equity provides stability and strategic guidance to investee companies, especially during turbulent times, offering a sense of security to investors compared to volatile public markets [2] - A common misconception is that IPOs are the primary exit route for private equity firms, whereas the reality is more complex [3] Group 2 - IPOs account for only a small share of private equity exits, typically 10-20% during strong bull markets, and in the past year, this figure has been even lower, with 90% of exits at HarbourVest Global Private Equity achieved through mergers and acquisitions [4] - Most exits occur through trade sales to corporates or sponsor-to-sponsor transactions, which provide liquidity while keeping the company private, making them efficient and predictable [5] - Continuation vehicles have emerged as a new exit route, allowing private equity managers to retain ownership of high-performing assets while providing liquidity options for investors [6] - The market for continuation fund transactions has significantly grown since 2022, exemplified by HarbourVest's investment in Froneri, which is undergoing a €3.6 billion capital injection [7]

Private equity firm Bridgepoint Group (BPT) said it agreed to buy a majority stake in ht.digital, a company that provides financial audit and proof of reserves attestations to cryptocurrency firms, for an undisclosed amount. Sky News reported the deal was worth 200 million pounds ($262 million). Bridgepoint did not immediately respond to requests for confirmation of the figure. Following the collapse of crypto exchange FTX three years ago, the idea that trading platforms should provide audits and be trans ...

Core Insights - The legal sector is capitalizing on the opportunity to help private equity firms attract retail investors, particularly through 401(k) plans, as large institutions retreat from these investments [1][2][3] Group 1: Market Opportunity - Nearly $13 trillion is available in 401(k) accounts and other defined-contribution retirement plans, presenting a significant opportunity for private equity firms and their legal advisors [3] - The number of semi-liquid private-market funds aimed at retail investors has doubled since 2020, reaching approximately 380 [7] Group 2: Legal Fees and Demand - Legal fees for structuring private-market funds for retail investors can reach up to $1.5 million, with ongoing legal work costing hundreds of thousands annually [4] - Law firms are experiencing unprecedented demand for fund specialists, with some legal professionals receiving numerous inquiries from private-market firms seeking to enter the 401(k) market [5][6] Group 3: Industry Trends - Major law firms like Simpson Thacher & Bartlett and Kirkland & Ellis are expanding their teams to meet the growing demand for retail fund services, with Simpson Thacher increasing its retail team from a few to 21 partners and 125 lawyers [10][11] - The push into the 401(k) market has been facilitated by regulatory changes, notably under the Trump administration, prompting firms like Apollo and Blackstone to launch new funds targeting retail investors [8][9]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Big Law made one fortune helping private equity lure large investors. Now it’s minting another helping the industry attract small ones. Law firms that have long advised private equity giants on mergers and acquisitions — and often bill more than $1,000 an hour for their services — are joining the industry’s latest treasure hunt: prying open America’s 401(k)s. The lawyer ...

Big Law made one fortune helping private equity lure large investors. Now it’s minting another helping the industry attract small ones https://t.co/GMZhBgGSfV ...

Core Insights - NB Private Equity Partners (NBPE) reported a monthly NAV estimate as of 31 October 2025, with a total NAV of $1.3 billion [1] - The company maintains its existing dividend policy targeting an annualized yield on NAV of 3.0% or greater [4] NAV Performance - NAV total return (TR) for the year-to-date is 3.4%, with a one-year return of 4.3% and a ten-year return of 163.3% [4] - The MSCI World TR outperformed NBPE with a year-to-date return of 20.2% and a ten-year return of 220.9% [4] - Share price TR showed a slight decline of 0.2% for the month, but a significant ten-year return of 215.9% [4] Portfolio Update - NAV per share was reported at $27.52, with a total return of 0.3% for the month [7] - Approximately 50% of valuation information was based on Q3 private company data, with private investments appreciating by 0.8% on a constant currency basis [6][8] - The company repurchased approximately 658,000 shares in October 2025, resulting in an NAV per share accretion of ~$0.11 [7][14] Liquidity and Capital Allocation - As of 31 October 2025, NBPE had $277 million in available liquidity, including $67 million in cash and liquid investments [11] - The company plans to increase allocation to new investments by at least $100 million over the next three to six months [7] - An acceleration of the $120 million three-year share buyback program reflects the Board's confidence in the portfolio [7] Realisations and Investment Activity - Year-to-date, the company announced $165 million in realisations with an aggregate uplift of 17% to carrying value [7] - In October alone, $64 million of realisations were reported [9] - The company has deployed $23 million year-to-date into new and follow-on investments, with a strong pipeline of opportunities [10][13] Portfolio Composition - As of 31 October 2025, 79% of the portfolio is in North America and 21% in Europe [16] - The portfolio is diversified across various industries, with 21% in Tech, Media & Telecom, 20% in Consumer/E-commerce, and 19% in Industrials [16] - The majority of investments are in private direct investments, with 78.1% of the total portfolio value attributed to the top 30 investments [15]

最容易踩的就是"策略漂移"的坑。听起来挺专业，说白了就是基金经理跑偏了。比如你买的是主打价值 投资的股票私募，结果经理看着科技股涨得猛，偷偷把大半资金都砸进去。市场一转向，之前赚的全吐 回去不说，本金都得搭进去。我认识的一个理财顾问就遇到过，客户买的"稳健型"产品，最后持仓里全 是高波动的小票，客户找上门的时候，经理都躲着不敢见。 最近身边玩基金的朋友，嘴里总挂着"私募"俩字。前几天聚餐，做外贸的张姐说她买的某股票策略私 募，今年收益都快30%了，说得旁边刚买指数基金的小李直拍大腿。 说实话，我一开始也以为是小圈子的个别情况，直到查了下数据——哦哟，不是个别是普遍。大概是 说，今年以来大部分私募都挣钱了，尤其是股票策略的，平均收益比其他策略都高，连不少平时稳扎稳 打的产品都涨了不少。科技股和资源股轮着涨，正好踩中了股票策略的路子，量化多头那种更是赚得盆 满钵满。 但你别说，越是这种时候越要拎清楚。我堂哥2023年就是看着私募收益排行榜冲进去的，结果不到半年 就亏了20%，至今还没解套。他当时就犯了个通病：只看收益数字，压根没琢磨背后的风险。 还有管理人"掉链子"的问题，这才是最吓人的。不是我危言耸听，真有私募 ...