For many fund managers, 2023 has been a year for creativity when trying to entice LP capital.
Australia-listed Pacific Current Group made headlines this year after receiving a takeover bid from one of its own portfolio companies.
Covalent, and which aims to pool LP resources, will focus on mid-market buyouts and growth equity financings in North America and Europe, according to Wafra's Steve Moseley and AP3's Henrik Nordlander.
LPs are becoming more comfortable with the concept of acquiring minority interests in alternative asset managers.
The firm had closed its predecessor Fund VIII in 2018, exceeding its $6bn target.
Industry participants at ALFI’s Private Assets Conference in Luxembourg on Tuesday were hopeful that adjustments to ELTIF regulations will drive interest among wealthy investors in Europe.
Malaysia-based impact firm Bintang is requiring portfolio companies in its next fund to achieve B Corp certification within two years.
Technology-related sales platforms will play a role in the wealth unit's scale-up, according to wealth management chief Raj Dhanda.
The investment arm of Peruvian conglomerate Grupo Romero will look to back Hispanic businesses across the Americas.
The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.