Fundraising

A confluence of factors is driving interest in infrastructure secondaries.

Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.

PEI asks what has unblocked the deal pipeline and explores how firms are getting transactions across the line.

Tender offers plus staples can be a powerful tool to provide liquidity to cash-strapped LPs.

The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.

Life sciences investor Catalio Capital Management has been on a fundraising tear since it spun out of private equity firm Camden Partners Holdings slightly more than two years ago. If dealmaking continues to founder in a sputtering economy, Catalio will be well positioned to take advantage of declining valuations.

VIG Fund IV is 69% invested and expected to complete one more deal this year, managing partner Chulmin Lee tells PEI.

North American GPs accounted for 89% of Petershill Partners' invested capital as of end-December, with the remainder in Europe, according to its maiden full-year earnings.

Iron Park Capital, founded in 2019 by GSO co-founder Tripp Smith, is seeking up to $5bn for its second private credit joint venture, Private Equity International understands.

A host of potential entrants to the double-digit fund club, a raft of fund closes below target and an influx of Indian investment are on the cards in the year ahead.