Kirk Falconer
The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.
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.
The closings were 'a significant accomplishment, given the persistent industry headwinds in private equity fundraising', CEO Jon Winkelried says.
The fund secured $2.1bn in Q4, together with more than $400m in side-car co-investment capital, according to chief financial officer Alan Kirshenbaum.
Ranjan, based in the firm’s London office, inherits a much more extensive private equity business than existed just two years ago.
Still, some sectors will be more impacted than others as a result of potentially protectionist policies, according to the firm's president and COO.
The impact of recent consolidation across alternative assets is being felt in GP stakes portfolios, which have grown substantially in the past decade.
Kahler was hired by ORIX Capital in 2019 from Safanad to develop its mid-market buyout business.
Brookfield has close to $3bn in balance-sheet capital to deploy to near-term initiatives, including strategic acquisitions.
Otro is expected to soon roll out an inaugural flagship fund earmarked for investing in sports, media, gaming and entertainment.