Kirk Falconer
At a time when PE fundraising is declining due to an overcrowded market and an LP dry spell, impact and sustainability funds have proved fairly durable.
The fund was launched last year with target of “north of” $1bn, Buyouts reported.
Blackstone's ninth secondaries offering hit $17.2bn in Q3, putting it within reach of a $20bn target. If it gets there, it would be the market’s biggest pool on record.
Altas Partners Holdings III is now more than 80 percent of the way to meeting a $4bn target, sources told Buyouts.
XDO Fund is presently in the market with a target of $300m, Buyouts reported. Its hard-cap is $400m.
The firm only recently struck a $5.2bn deal to acquire Atlas Air Worldwide in partnership with Apollo and Hill City Capital.
Many direct lending offerings, including Audax’s, target private equity-backed mid-market deals. Because of its “relative stability,” the strategy is gaining traction in this space, a recent Antares analysis found.
Kencel shares with us his fantasy job as a professional rock musician, his all-time favorite band and why he regards Carlyle's David Rubenstein as a mentor.
Long sidelined from professional sports ownership, private equity investors are blitzing into stadiums, arenas and rinks. The results may be game-changing, Boston Red Sox CEO Sam Kennedy tells Buyouts.
Coller Capital found 47% of LPs currently invest, or are planning to invest, in funds that buy long-dated minority interests in private equity and other alternative assets managers.
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