Commentary

The fund's backers include institutional investors, high-net-worth individuals and existing investors.

The fund will invest in middle-market businesses in North America.

When a CV asset goes bankrupt, if the restructuring plan calls for equity to be wiped out to make sure creditors are repaid, that includes CV investors and rolling LPs.

The US’s largest public pension is right to want to better align itself with managers to access the highest-quality assets.

The Global AI Infrastructure Investment Partnership will back new and expanded data centers, as well as energy infrastructure to create new sources of power for these facilities.

The fund is closing at more than double the size of the 2019 predecessor fund, which closed at $1.7 billion.

As the continuation fund market evolves and expands, it’s inevitable that some of the assets would fall into bankruptcy.

Also, Kohlberg raised approximately $1 billion for dedicated co-investment vehicles alongside Fund X.

GCP III's LPs includes a broad range of institutions, family offices and executives.