Kirk Falconer
Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.
The $559bn secured in 2023 is the third-largest infusion of capital into the North American private equity industry on record.
Carlyle Renewable & Sustainable Energy Fund II is targeting $1.6bn with a hard-cap of $2bn.
The closings were 'a significant accomplishment, given the persistent industry headwinds in private equity fundraising,' CEO Jon Winkelried said.
Nisar tells us about his passion for education, the joys of an Omakase dining experience and why he can't say no to a beach.
The fund secured $2.1bn in Q4, CFO Alan Kirshenbaum said in a year-end earnings call, together with more than $400m in side-car co-investment capital.
Among the firm's forthcoming initiatives is a Middle East private equity fund, intended to “leverage our deep relationships” in the region, president Connor Teskey said.
A total of $559bn was raised by buyout, growth equity, secondaries, venture capital and other funds last year, down 9% from the $611bn secured in 2022. Fund closings dropped more significantly, down 17%.
Ranjan, based in the firm’s London office, inherits a much more extensive private equity business than existed just two years ago.
There's a shift in the ongoing dynamic between LPs and GPs, with the former rediscovering leverage as a result of the sluggish market.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: