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The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. The firm specialises in growth equity and buyouts within communications, healthcare IT, information services, software, and tech-enabled services.
The $110bn-managing Massachusetts Pension Reserves Investment Management Board has picked a trio of private equity fundraises among its latest commitments. The post MassPRIM picks out GTCR smaller buyoutfund, Nordic Capital mid-market vehicle in latest commitments appeared first on AltAssets Private Equity News.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported. increase from the previous year.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.
Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
The Fresno County Employees’ Retirement Association (FCERA) has approved $140m in new commitments to alternative investment funds during the fourth quarter of 2024, according to a report by Pension & Investments Online citing a letter from retirement investment officer Conor Hinds.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. They’ve made a mark on Wall Street as go-to sources of capital for investment firms like KKR & Co.
New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyoutfund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Harvest and its affiliates have over $20 billion of assets under management.
maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
Vitruvian Partners, a PE firm focused on investments in middle market companies, has closed its latest buyoutfund, Vitruvian Investment Partnership V (VIP V), at €7.3bn ($8.1bn) in total capital commitments, surpassing its initial target of €6.5bn. Notable include the $519.9
Blue Sage Capital has held a final closing of its fourth fund, Blue Sage Capital IV LP (Fund IV), with $618 million of capital. The new fund closed above its original $400 million target and its original hard cap of $550 million. With the close of Fund IV, the firm has now raised over $1.2
Wynnchurch Capital, a middle market private equity firm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth private equity fund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
The Arizona Public Safety Personnel Retirement System, bases in Phoenix, has disclosed two new commitments totaling $450m, including a $250m allocation to private credit fund TPG Angelo Gordon Asset Based Credit Evergreen Fund, according to a report by Pensions & Investments Online.
European pensionfunds are committing a "miniscule" amount of their vast capital to VC funds in the region, continuing their historical trend of punching below their weight, new research from Atomico shows.
BlackFin Capital Partners, a leading European financial services sector investment specialist, has held the final close of BlackFin Financial Services Fund IV with €1.8bn, taking the firm’s total assets under management to $4bn. Since raising Fund III, BlackFin has invested substantially into its platform.
The Los Angeles City Employees Retirement System (LACERS) has approved significant commitments totalling $367m to private credit and private equity funds, as outlined in the materials presented at its 25 February board meeting, according to a report by Pension & Investment Online.
RRJ Capital, the private equity firm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The soon-to-be-launched private credit fund has a target investment return rate of 15% to 18% and will avoid distressed situations.
The $49.7bn-managing Texas County & District Retirement System has picked a pair of private equity and credit funds for its latest alternatives investments. The post Texas County & District picks OrbiMed, Linden Capital for latest alts commitments appeared first on AltAssets Private Equity News.
South Korea is cementing its status as a key destination for global private equity, drawing major firms such as Apollo Global Management and Intermediate Capital Group (ICG), with both having recently established offices in Seoul, according to a report by Private Equity Insights. increase from the prior year.
Wynnchurch Capital (Wynnchurch), a middle market private equity firm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth private equity fund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion) for a credit fund for Australia and.
Financial advisory and asset management major Lazard has brought in former Citigroup managing director Ali Syed to boost its coverage of sovereign wealth funds and pensions. The post Lazard brings in Citigroup’s Syed to lead sovereign wealth, pensionfund private capital advisory first appeared on AltAssets Private Equity News.
Global buyout firm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra-wealthy investors as well as institutions, according to a report by Bloomberg. read more The post Apollo To Target Top Family Offices appeared first on Private Equity Insights.
Keensight Capital, a private equity manager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. read more Dutch PensionFund Divests $3B from Fossil Fuel Firms Dutch pensionfund PFZW has completed a $3.02 Read more Ares Raises $1.7 has raised A$2.6 billion ($1.7 billion (EUR 2.8
The $40bn-managing South Carolina Retirement System Investment Commission is the latest LP to back KPS Capital Partners' $8bn-targeting Special Situations Fund VI. The post Another big pensionfund commits to KPS Capital Partners’ $8bn-targeting Fund VI first appeared on AltAssets Private Equity News.
Pensionfund managment major the New Jersey Division of Investment as picked out CVC Capital and Bain Capital vehicles among its latest suite of fund commitments. The post CVC, Bain Capitalfunds get New Jersey pension backing amid $875m of new commitments first appeared on AltAssets Private Equity News.
The $187bn-managing Teacher Retirement System of Texas has picked a pair of Insight Partners funds among its latest raft of alternatives commitments. The post Insight Partners, Pollen Street funds pick up Texas Teachers pensionfund backing first appeared on AltAssets Private Equity News.
The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in private equity funds early. Typically, buyoutfunds lock up investors’ money for more than a decade. By contrast, its flagship buyoutfund had raised $15.5bn by the end of March.
New Mexico State Investment Council, a $44bn-managing pensionfund investor, has picked private credit and a string of venture capital vehicles in its latest suite of fund commitments. The post New Mexico’s $44bn pensionfund unveils latest VC, credit fund commitments first appeared on AltAssets Private Equity News.
As global funds seek alternative markets for investments and fundraising due to restrictions in China, Korea is emerging as a focal point. According to industry sources on Sunday, KIC will allocate 200bn won to Apollo Global Management’s 10th buyoutfund. Source: Pulse News Can’t stop reading? stake in Indian cancer.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Still, I will wait to read the final report to see what Mr. Poirier has to say.
The buyout of Nuvei, which has a market capitalization of nearly $4.42 Existing shareholders – Fayer, private equity firm Novacap and Canadian pensionfund CDPQ – are expected to indirectly own or control about 24%, 18% and 12%, respectively, of the equity in the private company after the deal closes.
These new commitments follow previous private markets investments made by the pensionfund in 2021, which included $100m to Thomas H Lee Equity Fund XI and $75m each to ICG Europe Fund VIII and Summit Partners Growth Equity Fund XI.
Question is: Can it become a one-stop shop for pensionfunds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? At the end of 2022, the weighted average EBITDA of Ares Capital’s portfolio companies reached $275 million.
The $273bn-managing New York State Common Retirement Fund has picked out Stellex Capital Management and TA Associates funds through $700m of new commitments. The post TA Associates, Stellex Capital pick up commitments appeared first on AltAssets Private Equity News.
The $3.7bn-managing San Antonio Fire & Police PensionFund has picked four private equity firms to receive its latest tranche of fund commitments. The post San Antonio pension picks PSG, Arlington Capital among new private equity commitments first appeared on AltAssets Private Equity News.
Pensionfund giant the Los Angeles County Employees Retirement Association has revealed more than $450m of new private equity fund commitments and co-investments. The post LACERA pensions picks Kingswood, Lightyear Capital among latest PE fund commitments, co-investments appeared first on AltAssets Private Equity News.
Insight Partners, a PE and VC firm focused on tech and software investment, has now raised over $10bn for its 13th flagship fund, ahead of a final close which is expected in early 2025, according to a report by Venture Capital Journal citing sources familiar with the matter.
The private equity consortium led by buyout giant CVC Capital Partners, alongside Nordic Capital and Platinum Ivy, poised to acquire Hargreaves Lansdown has expanded its roster of lenders backing the £5.4bn deal, accordong tome report by the Business Desk.
HarbourVest has held an oversubscribed, hard cap, and final closing of its eleventh private equity secondaries fund, Dover Street XI LP , with $15.1 billion of capital. In addition, the firm held a final close for its Secondary Overflow Fund V LP with an additional $3.4 billion of capital.
Alto Partners, an Italian mid-market private equity firm, has closed its latest fund, Alto Capital V, at €273m, notching a 30% increase over its predecessor, Alto Capital IV, which closed at €210m. It utilises both buyout and selected expansion investments, with the equity ticket ranging from €20m to €40m.
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