Kirk Falconer
The firm has the option to go higher than the $4bn target set for Blackstone Strategic Capital Holdings II, a source told Buyouts.
The succession plan "put an organization established 36 years ago on course for the next 15 years," managing partner Michael Weinberg told Buyouts.
US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds raised a total of $162bn in the first half, up 8% from a year earlier.
If Madison Dearborn Capital Partners VIII meets its target, it will be the second-largest fund raised in the Chicago PE firm's nearly three-decade history.
Fundamental Partners IV is eyeing dislocation opportunities created as a result of severely strained municipal budgets, a source told Buyouts.
Venn Growth Partners, launched earlier in 2020 by McCarthy and Chris Reynolds, is expected to soon bring on a third founding partner, a source told Buyouts.
Oh, a former Apollo senior partner, founded Mountain Capital to be a control investor in complex situations and turnaround opportunities in the oil and gas industry.
David Scudellari was recruited by PSP Investments in 2015 to build from scratch and run a New York-based global leverage credit business.
PSP's new PE strategy, led by global head of private equity Simon Marc, has disbursed C$26.2bn globally since its launch five years ago.
Managing partner Fredston launched Sole Source in 2016 to be an operationally focused control investor in North American industrial companies with EBITDA of up to $20 million.
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