Carmela Mendoza
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.
The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.
Karen Frank, who joined OTPP from Barclays Private Bank in 2020, is set to leave in December, Private Equity International has learned.
The investor is following in the footsteps of its peers as it seeks to deploy nearly $1.28bn in co-investments over the next three years.
Backing solid, cashflow-producing assets will be essential in an environment marked by higher borrowing costs, says Cyrus Madon.
Former co-CEO William Conway will serve as interim chief; newly formed office of the CEO will help find a permanent successor.
The firm plans to expand retail offerings across all its asset classes in an attempt to fill the 'white space' in the market, says head of investor relations Craig Larson.
The firm will list 25% of its asset management unit by year-end as it seeks to expand its offerings and investor base.
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