Carmela Mendoza
The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.
Enthusiasm for the strategy remains steady, as co-investors flock to well-established names.
The rise of continuation funds is blurring the lines between them and what might be considered a co-investment.
The $235bn pension system plans to scale direct investing with both existing and new GP relationships.
Deployment in PE halved year-on-year to $3bn in Q2 2023, while dry powder across strategies stood at $100bn, according to the firm's Q2 earnings.
Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.
Of Blackstone’s dry powder reserves, more than $85bn – or around 44% of the total – is in private equity, the firm said on its Q1 2023 earnings call.
While capital raising across strategies 'tends to ebb and flow, the overall path of travel is towards more alternatives,' says Blackstone’s president and COO.
Vista Equity Partners VIII is seeking the third-largest amount of capital among private equity funds in market, according to PEI data.
The firm gathered $6bn across strategies in the third quarter and $25bn in the year to September; interim CEO says ‘no long-term damage’ with leadership change.
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