Kirk Falconer

TPG sets $8bn target, $10bn cap for sophomore climate fund

Rise Climate Fund II is more than halfway to reaching its $8bn target, raising nearly $4.7bn as of the end of December, TPG reported in its year-end earnings.

'Normalized' tech market favors those 'who can truly add value': Vista's Severson

'I see a robust M&A opportunity for platform companies,' Patrick Severson, co-head of Vista's Foundation strategy, said. 'It’s linked to venture and growth equity financing being harder to get.'

GP staking may be encouraging LPs to invest directly in managers

Of 43% of LPs who today commit capital to GP stakes funds, more than half are contemplating investing directly in managers, a McKinsey & Company survey found.

Mid-market investor Falfurrias targets $1.4bn for sixth flagship fund

If the new flagship is successful, it would be Falfurrias’s first billion-dollar capital pool. It would be 65% larger than Fund V, which closed in 2021 at $850m.

TPG ups fundraising goal for 2025 on strength of DPI track record

'As we talk to our clients, our DPI has consistently been a point of differentiation and strength,' CEO Jon Winkelried said in TPG's year-end earnings call.

Strategic Value Partners targets $6.5bn for latest distressed fund

If the target is met, the new fund will be the biggest yet raised by Strategic Value Partners. It will be 30% larger than Fund V, closed in 2021 at $5bn.

LP appetite for the mid-market is growing

Multiple North American investors have shifted their focus towards smaller managers, suggesting enthusiasm for the US mid-market is on the rise.

Blackstone to launch new Tac Opps vehicle as Fund IV pool nears $10bn

Blackstone Tactical Opportunities Fund IV secured north of $9bn of total investable capital as of the end of December, sources with knowledge of the fundraising told Buyouts.

North America-focused LPs up PE allocations despite pervasive illiquidity

Overall growth in allocations is significant considering that many LPs have been overallocated to private equity during the slowdown.

Incline co-founder Wali Bacdayan joins Braemont as partner

Bacdayan brings more than three decades of experience to the job, including as co-managing principal at Incline Equity Partners, a mid-market private equity shop he co-founded in 2011.