Kirk Falconer

Stellex’s Fund III, capped at $3bn, expected to raise $1.5bn in first close

Stellex Capital Partners III, launched last year, is set to bring in $1.5bn of a $2.5bn target in a first close sometime later this year, sources told Buyouts.

Kinderhook targets $2bn for latest flagship buyout fund

Recently rolled out by the New York manager, Kinderhook Capital Fund 8 is expected to wrap up by the end of this year, sources said.

Clearlake secures half of Fund VIII’s $15bn target, sets $16.7bn cap

Clearlake reports recently seeing a major uptick in exits: over 2021-23, gross realizations totaled $17bn, almost triple the volume over 2018-20.

Off-duty: FTV’s Brad Bernstein on being a BBQ pitmaster, wake surfing and Black Manhattans

Bernstein tells us about his getaway in Connecticut's Litchfield Hills, his love for New Orleans’ JazzFest and why it's important to remember, ‘if you are looking, it ain’t cooking.’

Blue Owl affirms $13bn target for latest GP stakes fund

Blue Owl also held a first close of about $600m for a new mid-cap GP stakes fund, $500m of which was seed capital provided by partner Lunate, sources told affiliate title Buyouts.

KKR’s new mid-market fund on the verge of hitting $4bn target

In a subdued deal environment, mid-market buyouts are drawing more attention. This perhaps explains why KKR has had success with the debut strategy at a time when fundraising is especially challenging.

KKR opts to trust the process

While markets lose their heads, KKR’s Pete Stavros and Nate Taylor ignore the noise and zealously embrace their ‘linear deployment’ strategy.

Unity, a first-timer with a shared ownership focus, seeks $300m for debut

Unique for an emerging manager, Unity Partners is committed to practicing employee ownership in all its mid-market buyout investments.

Has private equity fundraising hit bottom?

Are we at the bottom? It is perhaps too soon to say. The original causes of slower fundraising remain stubbornly in place.

DOWNLOAD: North American private equity fundraising hits new low in Q1

Private equity funds raised $88bn by the end of March, down 34% from a year earlier. This marked the first time that quarterly inflows have fallen below $100bn since 2020. The number of fund closings declined even more significantly.