Leon is among a handful of first-timers moving into the tough fundraising environment favouring existing relationships and established funds over newcomers.
Growth equity, while long a vital part of the private equity universe, has become a popular strategy, especially in connection with the rise of technology investing.
The commission proposed rules for the first time that would outright ban certain practices – a move away from its traditional focus on making sure GPs are providing LPs with appropriate disclosure.
GP-led secondaries, especially single-asset deals such as this one involving a global glass repair operator, have driven the market to expected record volume levels this year.
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