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## Capital Pool Newsletter Subscribe to Capital Pool, our weekly newsletter on what’s driving LP decision-making, with senior funds columnist Jessica Hamlin. [Subscribe](https://pitchbook.com/subscribe) ## Recent Articles - **Canada pension’s new PE head shakes up continuation fund formula** June 15, 2026 Jon Salon wants to buy into fund rollovers out of British Columbia Investment Management’s own GPs—and others. [Read more](https://pitchbook.com/news/articles/canada-pensions-new-pe-head-shakes-up-continuation-fund-formula) - **University of Utah PE foray highlights athletics profitability dilemma** June 8, 2026 The state auditor has warned that the university’s tie-up with Otro Capital could bring more opacity and minimal financial upside at a time when attracting sporting talent is more expensive than ever. [Read more](https://pitchbook.com/news/articles/university-of-utah-pe-foray-highlights-athletics-profitability-dilemma) - **Not all co-investors want to die on the fee-free hill** June 1, 2026 Co-investment funds raised a record $47.3 billion last year, despite charging management fees and carried interest. [Read more](https://pitchbook.com/news/articles/not-all-co-investors-want-to-die-on-the-fee-free-hill) - **Competition for a spot in the best funds is getting harder, not easier** May 22, 2026 As PE returns slip and dispersion widens, established LPs are holding onto their best relationships with an iron grip. [Read more](https://pitchbook.com/news/articles/competition-for-a-spot-in-the-best-funds-is-getting-harder-not-easier) - **LPs will be looking for the green light from Trump-Xi talks** May 18, 2026 Commitments by US-based LPs into China-focused funds have dropped dramatically since 2022. Now, some are dipping their toes back in. [Read more](https://pitchbook.com/news/articles/lps-will-be-looking-for-the-green-light-from-trump-xi-talks) - **LPs fight tooth and nail for foundational AI co-investment share** May 11, 2026 Competition for deals involving the largest pre-IPO AI companies, like OpenAI and Anthropic, is separating the strongest LPs from the weakest. [Read more](https://pitchbook.com/news/articles/lps-fight-tooth-and-nail-for-foundational-ai-co-investment-share) - **Carlyle’s pending Russian oil, gas deal exposes LPs to war risk** May 4, 2026 US Treasury officials hold the keys to a risky and potentially highly lucrative bid for Russian-owned oil and gas assets. [Read more](https://pitchbook.com/news/articles/carlyles-pending-russian-oil-gas-deal-exposes-lps-to-war-risk) - **NYC pensions’ $4B housing plan raises affordability questions** April 20, 2026 Comptroller Mark Levine’s new initiative will use pension fund money to invest in affordable housing, but there’s a risk the plan could have the opposite effect than intended. [Read more](https://pitchbook.com/news/articles/nyc-pensions-4b-housing-plan-raises-affordability-questions) - **The PE performance of Canada’s pensions might be better than it looks** April 6, 2026 Poor PE returns from Canada’s largest pension funds may be more of a benchmarking issue than a performance one. [Read more](https://pitchbook.com/news/articles/the-pe-performance-of-canadas-pensions-might-be-better-than-it-looks) - **Evergreen funds may cost more than you think** March 30, 2026 Prospectuses for these retail-targeted products often don’t disclose the full extent of performance fees that LPs are on the hook for, according to new analysis by Morningstar. [Read more](https://pitchbook.com/news/articles/evergreen-funds-may-cost-more-than-you-think) - **Can private market talent evolve? The industry isn’t so sure** March 23, 2026 Only 20% are very confident in their organization’s ability to stay competitive, per a CAIA survey. [Read more](https://pitchbook.com/news/articles/can-private-market-talent-evolve-the-industry-isnt-so-sure) - **Australia’s superannuation giants have US infrastructure on the mind** March 16, 2026 IFM Investors has a plan to wean US local governments off municipal bonds and embrace institutional capital. [Read more](https://pitchbook.com/news/articles/australias-superannuation-giants-have-us-infrastructure-on-the-mind) - **Some LPs hate them, but GP stakes can work in allocators’ favor** March 9, 2026 LPs have historically been skeptical of GP stakes. But during challenging fundraising periods, the mechanism could actually improve LP-GP alignment. [Read more](https://pitchbook.com/news/articles/some-lps-hate-them-but-gp-stakes-can-work-in-allocators-favor) - **Kill that zombie, before it’s too late** March 3, 2026 New research suggests LPs should spot zombie funds by year seven. If they don’t get out quickly, they may lose more money than they realize. [Read more](https://pitchbook.com/news/articles/kill-that-zombie-before-its-too-late) - **Funds-of-funds aren’t dead—but they’re different** February 24, 2026 While the fundraising data looks bad, they might not be dying so much as changing shape. [Read more](https://pitchbook.com/news/articles/what-happened-to-fund-of-funds) - **McKinsey’s MIO sale resurfaces conflict concerns** February 17, 2026 The consultancy firm is one of several service providers to invest in its own clients’ deals. [Read more](https://pitchbook.com/news/articles/mckinseys-mio-sale-resurfaces-conflict-concerns) - **LPs will use SaaS-pocalypse to separate the good from the lucky** February 10, 2026 Many have steeled their portfolios against the AI threat and expect their managers to have done the same. [Read more](https://pitchbook.com/news/articles/lps-will-use-saaspocalypse-to-separate-the-good-from-the-lucky)

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