Kirk Falconer
Tac Opps, at home in periods of dislocation, is ready to seize on multiple deal opportunities following 'the fastest and highest rate rise in history', according to global head David Blitzer.
'The opportunity set in growth equity investing has gotten much more interesting,' CFO Jack Weingart said in a Q2 earnings call.
In the equity business, this year has marked the end of an era, chief executive Marc Rowan said on the firm's latest earnings call.
RidgeLake investee Newbury Partners was acquired by Bridge Investment Group for $320m this year.
The firm still expects its flagship funds in market to grow compared with their predecessors, according to chief financial officer Jack Weingart.
US and European bases of operation will 'give us runway to continue doing what we’ve been doing', says PE chief Jim Pittman, including 'growing our book of directs'.
Dyal Capital Partners V is by far the biggest GP stakes vehicle ever raised. It is 43% larger than the 2019-vintage Fund IV, which set the previous record.
The firm secured $14.2bn in fresh capital in the third quarter, bringing amounts raised since January to more than $44bn.
Fortune does not always favour the biggest firms.
'Private markets will ultimately follow the lead of public markets,' says senior managing director Sachin Bavishi. 'It creates an interesting environment for us, an environment that for deploying capital is more favourable than it was in 2021.'