The alts giant is set to launch BXPE, a dedicated private equity offering for wealthy individuals, in the coming months after it postponed raising capital for the vehicle.
The French asset manager will seek at least €1bn for its debut semiconductor fund, PEI understands.
With the acquisition of Abrdn’s Europe PE business, the Brazilian alts giant would have about $9bn of fee-earning AUM to be put to work in mid-market strategies.
Ares will provide the Brazilian investment firm with guidance on investment strategy, investor relations and business operations.
Growth investor gathers $17.3bn against a $16bn target for its 14th Global Growth Fund, with more than 15% of capital from high-net-wealth investors.
The South and Southeast Asia specialist collected $700m for Fund V in December 2022.
A handy chart detailing some of the most notable products in the semi-liquid landscape and their various traits.
The tech investor's recently formed wealth unit will lead and manage the new product, PEI understands.
Presenting PEI's debut ranking of the biggest PE placement firms by aggregate capital raised from investors in the 12 months to end May 2023.
Low entry multiples, high growth and an unconstrained exit environment mean small deals are becoming big business