News and Analysis

The firm will list 25% of its asset management unit by year-end as it seeks to expand its offerings and investor base.

Including Fund XV and two small-cap vehicles, Thoma Bravo has so far accounted for $26bn-plus against a combined target of more than $28bn.

Many fear ‘unintended consequences’ from proposed rules.

Cash-strapped LPs are 'having to make choices for the first time in a while,' CFO Jack Weingart said. 'What we see happening is those choices are benefiting the largest, most established GPs with the strongest relationships.'

Albaron is among a crop of first-timers braving the tough fundraising market to try to attract capital from picky LPs.

Fund IV's target was not disclosed. It is, however, expected to seek roughly the same amount raised by its predecessor: $2.6bn.

Many investors may miss opportunities due to difficulties placing some investments into specific, defined asset classes.

Some public pensions seem to think any sunlight allowed on their private equity decision-making processes would cause irreparable damage to their ability to continue investing in the asset class.

The core PE strategy, which since inception has earned a 26% gross IRR, oversaw $32bn of assets at the end of March. This is set to grow as KKR wrap ups Fund II, targeted at $16bn.

Staff says added flexibility will help fund find more opportunities.