Funds

Hani Othman Baothman, chairman of Saudi Arabia’s Sidra Capital, explains how the firm’s partnership with BlackRock will provide sharia-compliant co-investment capital to GPs in the Arabian Gulf.

Dyal Capital Partners V is by far the biggest GP stakes vehicle ever raised. It is 43% larger than the 2019-vintage Fund IV, which set the previous record.

GPs are navigating the toughest fundraising and investment conditions since the 2008 financial crisis.

Zombie funds, LP substitutions and a dealmaking rebound could be on the cards for the Asia-Pacific private equity markets this year.

GP and LPs, including the California Public Employees’ Retirement System and Alaska Permanent Fund, have contended with staff turnover at a time of congested fundraising and market uncertainty.

Advent International, Thoma Bravo and KKR led the pack of 2022’s biggest capital raisers.

As economic and geopolitical concerns permeate, GPs are arming themselves against fundraising uncertainty.

GPs are leaving funds in market for longer as public market volatility disrupts investors’ annual commitment pacing.

With deal activity slowing, GPs are partnering up and ensuring that portfolio companies are agile and stress-tested, according to panellists from EQT, Eurazeo and Churchill Asset Management.

A liquidity squeeze and ever-larger fundraises from established rivals have created a difficult environment for emerging managers, but optimism remains.