Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The firm expects to more than double capital raised from the private wealth channel in the near term, said co-chief executive Scott Nuttall on the third-quarter earnings call.
The firm brought in $10.4bn during the second quarter, more than double the amount it raised in Q2 2020.
An increase in interest rates in the near term would have a 'positive impact' on the asset manager's business, according to chief executive and CIO Benoît Durteste.
'We shouldn’t be afraid of inflation or volatility because it does create opportunities,' Denise Le Gal, chair of Brunel Pension Partnership, said at PEI’s Women in Private Markets Networking Day.
The firm's Global Credit segment put up stellar performance, with fundraising of $3.2 billion handily outpacing all other segments.
The firm raised $27.5bn in fresh capital last year, with global credit and investment solutions posting record fundraising years.
Managers have a big role to play in ensuring the resiliency and long-term value of investors’ portfolios, and they need to get better at supplying data.
First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.
The world's second-largest PE firm enforces a firm-wide travel ban in the wake of the coronavirus pandemic.
The firm is also on track to open offices in Paris and Sydney before the end of March, according to its latest earnings announcement on Thursday.
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