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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.
Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth BuyoutFund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pensionfunds, financial institutions, sovereign (..)
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 fund focuses on control buyouts and non-cyclical growth opportunities across key sectors, including healthcare, technology & payments, financial services, and services & industrial technology.
Private credit’s edge over buyoutfunds has been evident in seven of the last 10 quarters, partly due to direct lenders’ floating-rate loans, which provide steady interest payments. In the second quarter, private debt saw returns of 2.18%, while buyouts posted 1.47%, according to State Street’s index.
The difficulties in exiting investments have made some institutional investors, including pensionfunds, more cautious about allocating capital to the region. As a result, buyout groups have sought alternative exit routes, such as selling stakes to domestic or multinational firms or other private equity groups.
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.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
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. ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group.
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.
US pensionfund giant the New York State Common Retirement Fund has agreed a hefty $4.6bn of new alternatives fund commitments. The post NY State Common Retirement Fund commits $4.6bn across PE, credit, secondaries and RE appeared first on AltAssets Private Equity News.
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 Notable include the $519.9
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.
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
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.
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.
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.
Astorg has closed the Normec Continuation Fund, capitalised with €1.4bn by lead investors CVC Secondary Partners, Pantheon, Lexington Partners and Eurazeo, alongside sovereign wealth funds, pensionfunds, asset managers and family offices.
The post NY pension giant commits more than $800m to buyoutfunds first appeared on AltAssets Private Equity News. The $145.5bn-managing New York State Teachers’ Retirement System has agreed to invest more than $800m across a string of private equity fundraises.
The report cites unnamed sources familiar with the matter as saying that Paris-based Ardian, which has around $150 billion under management, is ultimately targeting $25 billion for the new fund. Like this article? Sign up to our free newsletter Author Profile Related Topics Deals Intelligence
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. Source: Private Equity Wire Can’t stop reading?
Ardian raises over $20bn for secondaries fund the Paris-based PE firm has set a target for the fund of $25bn French group Ardian has amassed more than $20bn to buy stakes in private equity funds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyoutfund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private. MBK, Blackstone and Alinamin declined to comment.
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.
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.
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.
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. The private equity firm is investing through EQT Future, an impact-driven fund with a longer holding period. Buyout firms have been increasingly teaming up with the ultra-wealthy on their deals.
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 countrys expanding pensionfund capital base and increasing corporate restructuring activity are fuelling strong interest from alternative investment firms worldwide. With lower interest rates expected to further support leveraged buyouts, 2025 is shaping up to be an active year for dealmaking, Deloitte reported.
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.
The $11bn-managing Illinois Teachers Retirement System has reportedly picked out TA Associates' latest flagship fund as the largest in its latest tranche of alternatives commitments. The post Here are the latest private equity funds being backed by Illinois’ $11bn teacher pensionfund first appeared on AltAssets Private Equity News.
banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The Singapore-based firm has received initial interest from North American pensionfunds totaling $500m ahead of the fund launch in January, according to a fund document seen by Bloomberg News.
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 Billion for Australia Private Credit Fund Ares Management Corp. has raised A$2.6
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.
HarbourVest has held an oversubscribed, hard cap, and final closing of its eleventh private equity secondaries fund, Dover Street XI LP , with $15.1 In addition, the firm held a final close for its Secondary Overflow Fund V LP with an additional $3.4 billion of capital. billion of capital for secondary co-investment opportunities.
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.
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.
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.
The post LLR Partners picks up PennSERS backing for latest buyout fundraise appeared first on AltAssets Private Equity News. LLR Partners has picked up more institutional investor backing for its seventh flagship fundraise, which is currently out targeting up to $2.25bn.
Private equity firm Renovus Capital Partners (Renovus) has held the final close of its fourth private equity fund Renovus Capital Partners IV Core Buyout, which was significantly oversubscribed with total capital commitments of $875m. Earlier this year, Renovus announced the closing of its first multi-asset continuation fund at $325m.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes private equity firms, hedge funds, and asset managers, according to a report by Institutional Investor. The test scenario incorporated lessons from recent events, including the turmoil in the UK bond market in 2022.
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