TPG Capital now has three co-managing partners, with John Schilling joining Nehal Raj and Jeff Rhodes, who assumed leadership of the business in 2021.
Major pension signals it will continue expansion of diverse representation among managers in private market assets during overview of DEI accomplishments.
Flannery, who took over leadership of Vista’s credit platform in 2018, will be succeeded by two co-heads: Greg Galligan and Pete Fisher.
The capital pool for independent sponsors has grown over the years with several firms today reserving capital specifically to invest alongside dealmakers on individual transactions.
Invictus Growth Fund II has already made three platform investments, a source told Buyouts, the most recent of which is StructuredWeb, an AI-enabled channel sales and marketing SaaS solutions provider.
The sovereign wealth fund will look toward more investments in venture capital funds, along with wider definitions of in-state impact, in an attempt to revamp the program.
Maple Park Capital Partners Fund I, opened in January, raised $125m against a $250m target in a first closing held in March, sources told Buyouts.
As traditional exits remain sluggish this year, GPs are getting creative in finding ways to deliver liquidity to limited partners in older funds.
The tariffs turmoil is exacerbating the trends and challenges facing private markets, creating a 'fantastic time for secondaries,' XIG global head Michael Brandmeyer tells affiliate title PEI.
A settlement in the case of House vs NCAA, which would allow schools to pay student athletes directly, is setting the stage for private equity dollars.