Kirk Falconer
If the $2bn hard-cap is reached, Fund II would be almost triple the size of its predecessor, closed in 2021 at just over $700m.
The firm’s success owes in large part to a consensus-based management style, says managing partner John Maldonado.
Fund I is expected to wrap up “in the next few months,” sources told Buyouts.
Earlier this year, RidgeLake investee Newbury Partners was acquired by Bridge Investment Group for $320m, presumably giving the GP stakes fund an exit.
Global oil and gas private equity fundraising in 2022 was the slowest in more than a decade, with 55 vehicles securing $20bn.
Fund XI is already the largest capital pool in BV’s history, surpassing by 33% its predecessor, wrapped up in 2020 at $1.1bn.
“We are hearing more from large LPs about increasing their allocation to private equity because they’re fully allocated but they don’t want to miss out on this vintage,” Winkelried said.
Collins shares with us his love of family and summer beach parties and why there is no better sanctuary than the great outdoors.
Newcastle’s strategy draws on managing partner Chris Casgar’s experience at L Catterton and Webster Equity Partners, with a focus on investing in consumer products and services businesses.
Mid-Cap Fund II, which has a $2bn hard-cap, is expected to hold a second close in late summer, sources told Buyouts.
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