The mid-market GP is targeting a $2.75bn raise for Fund IV, having recently exceeded the target on its predecessor.
Stephen Gilmore, California pension’s CIO: ‘Reasonable to expect’ system will increase its long-term asset allocation target after finding success with co-investment emphasis.
What started as a Slack channel for analysts and associations from the top 15 to 20 endowments grew into a network of over 350 members across around 150 institutions, a majority of which are based in the US.
Oak Hill’s Fund VII is part of a series that goes back to 1999, when the GP, the one-time family office of US billionaire businessman Robert Bass, raised its first outside capital.
The subject has taken priority at recent meetings of trade group Institutional Limited Partners Association, sources tell affiliate Private Equity International.
Leonard Green is expected to size Green Equity Investors X along the lines of its predecessor, which raised $15.2bn in 2022.
The endowment expects to grow and cultivate longstanding relationships with the managers whose inaugural funds they back.
The US pension is now aiming to have deployed $8.7bn by 2030.
One of the assets involved was being mulled for a separate CV managed Carlyle in a process that has since been dropped, Secondaries Investor understands.
Buyout, growth equity, secondaries, venture capital and other private equity funds raised a total of $250bn in the first half, down 13 percent from $289bn raised a year earlier.