The Long Hold

Cove Hill transcends fundraising market ennui, beats Fund III target in three months

Cove Hill has built a small but loyal group of LPs, mostly family offices, foundations and endowments, helping it to avoid the fundraising slog.

Freshly minted BDT & MSD closes flagship fund at $14bn

The Chicago shop, a family and founder-oriented merchant bank, wrapped up BDT Capital Partners Fund 4 this month, ahead of a $13bn target, sources said.

Time is money: KKR’s long-dated assets nearly triple since 2020

One of the challenges in raising LP capital is long-duration investing remains “a younger part of the private equity asset class,” co-CEO Scott Nutall said.

Long-term PE pioneer Altas to close third pool on $4bn

Long-term flexibility has not been widely embraced yet in fund structures, though more GPs are exploring ways to expand holds over certain assets through secondaries structures.

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Ownership periods, a defining characteristic of private equity, are getting a fresh look. With increasing frequency, GPs are looking not only to extend asset holds but to structure funds with the explicit mission of pursuing longer-term opportunities. In this collection, you can find our continuously updated news, analysis and perspective on this potentially transformational force in private investment.

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