Commentary

Fund III follows Resurgens’ two prior funds, RTP I, which raised over $200 million, and RTP II, which raised over $500 million.

Some private equity-backed assets have grown so large that only a handful of other sponsors or strategic buyers could acquire them outright.

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

Elevated interest rates and an evolving value creation playbook is causing some investors to question whether managers can replicate their past performance.

The fund will invest in the middle-market infrastructure sector.

The closing brings total capital raised to $580 million for the overall strategy, which includes a portion of commitments from The Rise Fund.

The amount of time spent raising a North American private equity fund is one of the best indicators of where the market is – and where it is going.

Fund IV's limited partners include endowments, foundations, public and corporate pension plans, family offices, insurance companies, and global financial institutions.

Fund VI will target niche manufacturing, business services, and value-added distribution sectors.