At $12.4bn, the flagship is already the largest in New Mountain’s 25-year history, exceeding by 29% the size of its 2020-vintage predecessor.
The GP stakes unit of Azimut Group has acquired interests in Pathlight Capital and RoundShield Partners, and recently exited its stake in credit manager Kennedy Lewis.
The move would bring the Luxembourg-headquartered firm in line with peers Blackstone, KKR, Carlyle and EQT.
The buyout firm is on a path to reach $1trn in total assets in the next five years.
Singapore-headquartered Fullerton Fund Management's Asia Carbon Action Fund is eyeing climate investments in emerging Asian markets.
More than 80 India focused funds collected around $16bn between them over the past two years, according to PEI data.
MBK's China portfolio posted a 45% gain last year, compared with 29% and 12% percent for Korea and Japan, respectively, founder Michael B Kim noted in a letter to LPs.
Emerging manager fundraising is down, with first-time funds globally raising around $25bn last year, compared with $47.6bn in 2022, according to data from affiliate title Buyouts
Jail time, fines and increasing investigations from the local tax authority – in Germany’s largest state, the private equity industry appears to be in a state of fear when it comes to the issue of tax and offshoring.
The two firms have registered fund management businesses with the Asset Management Association of China – a legal requirement for raising capital or investing onshore.