Kirk Falconer
A key to the global push is KKR’s newly formed Human Capital Center of Excellence, which will co-ordinate the 'whole effort,' Pete Stavros, co-head of global private equity, told Buyouts.
In what may be a sign of improving dealmaking conditions, Canada Pension Plan Investment Board, the world’s biggest investor in private equity, recently upped its performance – with the help of some exits.
Recently launched, Fund III will hold a first close in June, UH endowment documents said, with a final close expected to occur in the third quarter.
The veteran oil and gas investor has so far raised $3.3bn for an eighth fund blending traditional and sustainable energy themes, sources told Buyouts.
Because of its greater market supply role today, private credit is likely to be front-and-center in helping sponsored businesses find solutions as capital structures come due.
Stellex Capital Partners III, launched last year, is set to bring in $1.5bn of a $2.5bn target in a first close sometime later this year, sources told Buyouts.
Recently rolled out by the New York manager, Kinderhook Capital Fund 8 is expected to wrap up by the end of this year, sources said.
Clearlake reports recently seeing a major uptick in exits: over 2021-23, gross realizations totaled $17bn, almost triple the volume over 2018-20.
Bernstein tells us about his getaway in Connecticut's Litchfield Hills, his love for New Orleans’ JazzFest and why it's important to remember, ‘if you are looking, it ain’t cooking.’
Blue Owl also held a first close of about $600m for a new mid-cap GP stakes fund, $500m of which was seed capital provided by partner Lunate, sources told Buyouts.