Commentary

Ocean Avenue Fund V's LPs include endowments/foundations, corporate and public pension plans, insurance companies and family offices spanning the U.S., Europe, Asia and South America.

Barings, Kline Hill Partners and Adams Street Partners were the fund's co-lead investors.

Some good news, perhaps. The exit outlook has improved slightly, but is still not where it needs to be to make fundraising easier than last year.

As a result of this closing, Horizon Capital now has $1.6 billion assets under management.

Blackstone’s decision to fold its GP Stakes unit into Strategic Partners underscores the clear synergies between the two strategies – though a few questions remain.

Asia VI is 50 percent larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at $4.5 billion.

The fund's limited partners include endowments, foundations, insurance companies and family offices.