Funds

Europe-focused funds trail behind other major global regions by capital raising so far this year with just $112.4bn closed.

The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.

The investment consultant is seeking external capital for a secondaries fund, following consultants such as Hamilton Lane and StepStone in managing pooled private markets funds.

Apollo Investment Fund X began pre-marketing in January; its predecessor reached a final close after less than half a year on the fundraising trail.

The firm secured $14.2bn in fresh capital in the third quarter, bringing amounts raised since January to more than $44bn.

Now on its 21st year, the Private Equity International Awards celebrate firms and institutions that have thrived in a highly volatile year for the industry.

The $516.9bn raised during the first three quarters of this year remains the second-highest figure ever recorded, according to PEI data's latest fundraising figures.

Nordic Capital XI is the largest fund raised in the firm’s history, raking in about €3bn more than its 2020-vintage predecessor.

The PE giant recorded $950.9bn of assets as of 30 September, rising 30% year-over-year, as it reels in nearly $50bn of inflows across strategies in the quarter.

Sponsors are using hedging to get deals over the line in markets with severe currency fluctuations; their investors are looking to protect themselves with greater flexibility over the currency in which they can commit.