Commentary

“Despite macro-economic headwinds…we expect 2023 to be another very strong year for the business overall and for fundraising – on par with 2022, which was a record year,” CEO Bruce Flatt says.

There are subtleties when it comes to how investors treat funds closing wide of the mark.

LightBay Fund II's limited partners include state and local pension funds, family offices, foundations, fund of funds, insurers, industry executives and LightBay professionals.

The Presidio-managed continuation vehicle acquired a controlling interest in ElevATE from Presidio Investors Fund II and other shareholders.

Pantheon Credit Opportunities Fund II targets secondary investments in high-quality credit portfolios, primarily in the U.S. and with a focus on downside protection.

The fund is co-led by Carlyle subsidiary AlpInvest Partners and HarbourVest Partners.

The fund reached its hard cap four months after launch.

The US regulator's vote this week to require greater disclosure from private fund sponsors is the tip of the upcoming regulatory iceberg.

Folium Fund II will invest in climate-focused agriculture and forestry assets.

Investindustrial Growth III will invest in European lower mid-market companies.