Home Authors Posts by Chris Witkowsky

Chris Witkowsky

Knox Lane founders John Bailey and Shamik Patel faced a unique challenge raising capital as society shut down in the pandemic.
The firm closed its eleventh fund on $4bn last year and, like several other established tech-growth managers, is pursuing a rapid fundraising pace.
Martis is among a handful of young firms seeking capital from limited partners who are generally sticking with their established relationships in the uncertain markets.
As larger managers are coming back quicker and with larger funds, early managers are having a harder time finding their way into LPs’ quickly dwindling allocations.
The deal is among a plethora of single-asset processes GPs of all sizes are using to extend their holds over portfolio companies they feel have more growth ahead.
The firm will be out in a fundraising market that is tilted heavily toward established managers who are raising larger funds and creating new products to take up more LP allocation.
volatility
It remains to be seen if the Kemnay portfolio, like others in the volatile markets, will actually transact with sellers being asked to take potential steep discounts on some fund interests.
Caputo talks about the kind of work he would be doing if not private equity, and his advice for young people looking to break into the industry.
LP institutions are always in need of private equity experience to help lead their programs into the growing and shifting markets.
LPs have turned to their long-trusted GP relationships in the uncertain markets, as established firms are coming back to market quicker than ever, with larger funds and new products – all of which is taking up the bulk of LP allocation.
buyouts
buyouts

Copyright PEI Media

Not for publication, email or dissemination