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Firms & Funds

The $128bn pension system committed to its fifth vehicle with co-investment specialist Fisher Lynch Capital.
Assets slated for a secondaries deal periodically get snapped up by outside buyers before the deals can close, a risk that increases the longer such deals linger in the market without closing.
With the closing, Fund II is 79% larger than Brightstar’s inaugural fund, which collected $710m in 2018.
IMCO generated a one-year net return of 34.2% from its PE investments last year, easily outperforming a benchmark of 9.3%.
Crosspoint, which just closed its debut fund on $1.3bn, has a heavy operational focus, a characteristic that helped attract LP attention at a time when many investors were eschewing new managers.
Public relations firm Prosek Partners found most respondents planned to make virtual meetings a permanent part of their operations.
Terms on traditional private equity funds are fairly consistent across the market, though some GPs like KKR are able to command more customized structures on their funds.
Bronner’s hire perhaps signals Palladium’s interest in launching a sixth flagship offering. The New York firm declined to comment.
The sample for the survey conducted by law firm Seward & Kissel was made up of many different kinds of investors.
Breaching the $1bn mark is a milestone for a firm that prefers to conduct business without much fanfare.

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