Cove Hill Partners related stories
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JMI Equity launches $2.4bn Fund XII as Peter Arrowsmith takes chargeArrowsmith today heads JMI, according to pension documents, marking a quietly executed succession since two years ago, when he shared that responsibility with founder Harry Gruner.
Firms seek to ID patterns to build just the right LP baseCove Hill sets an example of how a firm can navigate through the tumultuous first few fundraises on its way to becoming part of the “established” elite.
Cove Hill transcends fundraising market ennui, beats Fund III target in three monthsCove Hill has built a small but loyal group of LPs, mostly family offices, foundations and endowments, helping it to avoid the fundraising slog.
Steadily growing Cove Hill, launched by ex-Bain exec, raising third fund in tough marketCove Hill earlier this year invested in Incident IQ, a workflow management platform for K-12 school districts.
BDT & MSD soon to close latest long-dated fund after raising $13bnBDT Capital Partners Fund IV, already 43% bigger than its predecessor, is expected to wrap up this month, sources told Buyouts.
Time is money: KKR’s long-dated assets nearly triple since 2020One of the challenges in raising LP capital is long-duration investing remains “a younger part of the private equity asset class,” co-CEO Scott Nutall said.
Long-term PE pioneer Altas to close third pool on $4bnLong-term flexibility has not been widely embraced yet in fund structures, though more GPs are exploring ways to expand holds over certain assets through secondaries structures.
- Long-term investor Altas banks most of $4bn target for Fund III
Altas Partners Holdings III is now more than 80 percent of the way to meeting a $4bn target, sources told Buyouts.
Red Iron, formed by ex-Accel-KKR execs, offers long-hold flexibility in debut fundManagers have made use of the secondaries market for longer holds, but a few have built such flexibility into the structures of their funds.
KKR eyes $16bn for second long-duration fundIf KKR succeeds in closing at $16bn, it will have raised the market’s single largest long-life vehicle to date.