Chris Witkowsky

Bucking the industry trend of challenging fundraising and more time on the road, Arcline closed Fund IV in under 10 months.

Dallas ascribes a strong environment for new firm formation to a few factors, including, perhaps surprisingly, the rise of continuation funds, along with growing LP appetite.

University of Chicago has implemented a cost-cutting program that includes eliminating staff positions to help shore up its financial position.

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.

New Mexico SIC is not in need of liquidity as it continues to see strong inflows from oil revenues in the state. However, it continues to push its managers to move toward exiting assets, especially in relation to funds living past their contractual terms.

In some cases, LPs are leaving long-term relationships with managers that have not paid off in ways they expected, creating opportunities for new players.

Unlike more traditional continuation fund deals, no assets or fund stakes are being rolled into a new vehicle in this deal.

Bids on the portfolio were due this week, with the expectation that the process closes by end-September.

Venture/growth represented about 8% of GP-led volume in the first half, which matched the full-year volume of last year, according to Jefferies' recent volume report.

The Children’s Medical Center Foundation is leaning into emerging managers and secondaries as it quickly ramps up its exposure, seeking to boost returns in order to hit its funding goals for the hospital project.