Firms & Funds

Managing Directors Ray Tsao and Haakon Gresvig will assume control of the firm in the deal.

JLL Partners has collected more than $686 million for its eighth flagship buyout fund, according to a Form D fundraising document. The amount raised, which reflects commitments from 53 limited partners, accounts for 55 percent of the $1.25 billion target set for JLL Partners Fund VIII.

Direct lending firm expected to also launch its next general business development company in 2020.

The $78.46 billion pension made the commitments in September, but staff says they failed to agree on terms with KPS.

Blackstone Group’s growth equity team is targeting $3 billion to $4 billion for its debut growth fund, sources told Buyouts.

New York firm's latest mid-market fund hit hard cap in less than four months.

At just over $7 billion, Fund VI would represent a major jump from the size of Fund V, which closed on more than $3.6 billion last year.

TPG Capital raised $14.2 billion in the final close of its eighth flagship fund and a sidecar vehicle focused on healthcare investing, sources told Buyouts. The PE firm recently wrapped up TPG Partners VIII at $11.5 billion, up from $10.5 billion for Fund VII in 2016.

EM fundraising picks up as year wraps up Three of last five round ups have amassed over $1 bln TCG raised $700.9 mln for sophomore fund

Nayot joins Vertu from his role as the head of tech for CPPIB's private equity group, and marks the firm's third senior hire since September.