Cove Hill Partners

Cove Hill has built a small but loyal group of LPs, mostly family offices, foundations and endowments, helping it to avoid the fundraising slog.

Cove Hill earlier this year invested in Incident IQ, a workflow management platform for K-12 school districts.

Bain Capital veteran Andrew Balson tells Private Equity International why he focused his fundraising on endowments, foundations and family offices and didn’t offer co-investment opportunities.

View the latest capital raises

Arrowsmith 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.

BDT Capital Partners Fund IV, already 43% bigger than its predecessor, is expected to wrap up this month, sources told Buyouts.

One 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 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.

Altas Partners Holdings III is now more than 80 percent of the way to meeting a $4bn target, sources told Buyouts.

Managers have made use of the secondaries market for longer holds, but a few have built such flexibility into the structures of their funds.

If KKR succeeds in closing at $16bn, it will have raised the market’s single largest long-life vehicle to date.

NetDocuments produced annual recurring revenue (ARR) growth of 250 percent during its four-year backing by Clearlake.