Firms & Funds

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

The deal is part of a wave of LP secondaries that are being driven by fund investors' desire to get proceeds from older funds.

Charlesbank launched its dedicated tech strategy in 2018 with the hires of Darren Battistoni and Hiren Mankodi, both veteran tech investors.

Buyers have a chance to seize on more proprietary deal flow in the small end of the market, with many processes not run by a banker.

LPs may look to smaller, niche funds as a way to boost returns while diversifying their portfolios.

FalconPoint plans on making two to three investments per year, a pace that will allow the firm to dig into the operations of each investment.

'Banks are coming back to underwriting big transactions,' the system’s deputy CIO told investment committee members.

At $12.4bn, the flagship is already the largest in New Mountain’s 25-year history, exceeding by 29% the size of its 2020-vintage predecessor.

I’ve talked to LPs who feel that key-person provisions have become diluted as they are spread across larger groups of partners, rather than one or two main individuals, essentially de-fanging such protections.

This is a steep increase from how much it committed in 2023, and bodes well for managers looking for capital.