Private Equity 8-Hour Briefing

Last updated: March 17, 2026, 11:30 PM ET

Institutional Investor Shifts

A wave of departures at Australia's sovereign wealth fund, Future Fund, continued as joint managing directors for private equity and real assets, David Bluff and Tammi Fisher, resigned from their posts. This internal upheaval follows broader concerns about mandates and governance, coinciding with institutional investors actively re-evaluating existing mandates; for instance, the $74.9bn Nevada PERS announced plans to exit its entire exposure to Clearlake Capital due to perceived conflicts of interest stemming from the firm’s proposed acquisition of Pathway Capital Management.