Kirk Falconer

Industrial specialist Greenbriar returns to market with $2.75bn Fund VI

Performance may give Greenbriar an edge in a difficult fundraising environment. Fund V was as of March earning an 84% gross IRR, while Fund IV was earning a 76.3% percent gross IRR.

KKR seeks up to $2bn for latest direct lending fund to hit the market

Rising rates – reinforced this week by the Federal Reserve’s vow to continue battling inflation – are motivating LPs to explore asset classes which provide some measure of refuge. One of the beneficiaries appears to be private debt.

Moelis spinout NexPhase Capital rolls out third fund with $750m target

Led by managing partner Ted Yun and founding partner Kurt Larsen, NexPhase spun out of Moelis in 2016 and closed its debut fund two years later.

Long-term investor Altas, raising Fund III, expands leadership team with new hires

Altas has been in hiring mode of late. This has happened alongside the marketing of a third flagship offering, Altas Partners Holdings III, targeted to bring in $4bn to $5bn.

CPPIB-owned Antares targets up to $5bn for sophomore direct lending fund

Antares’ Fund II is the latest of several new direct lending products to hit the market, all seemingly aimed at growing LP demand for private credit in a rising-rate environment.

Market weathers an LP dry spell

Fortune does not always favour the biggest firms.

Blackstone sets up West Coast team to access tech dislocation opportunities

'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.'

Blackstone sets up West Coast PE team to access tech dislocation opportunities

'Private markets will ultimately follow the lead of public markets,' senior managing director Sachin Bavishi said. 'It creates an interesting environment for us, an environment that for deploying capital is more favorable than it was in 2021.'

Off-duty: Lovell Minnick’s Spencer Hoffman on the joy of cooking, fly fishing and Janis Joplin

Hoffman shares with us his crush-it karaoke song, his fantasy job at a New England bed-and-breakfast, and his thoughts on why reputation is everything in private equity.

GP stakes market growing faster than funds can invest: Blue Owl’s Rees

Estimated to total about $530bn this year, Michael Rees expects the investable market for GP stakes funds to reach about $749bn by 2025.