Fundraising

In the equity business, this year has marked the end of an era, chief executive Marc Rowan said on the firm's latest earnings call.

CCMP’s succession process occurred last year and the new shop has completed two investments with capital sourced from investors.

Fund VI will identify, acquire and develop unconventional assets across top-producing basins in North America.

Catalyst Fund II focuses on investments that generally require initial committed equity capital of up to $100 million.

The firm unveiled plans in June to launch a digital investment assistant for individual investors.

Fundraising continued to slow through the year with the total amount collected by North American GPs falling 26% from the total collected during the same time period last year, according to Buyouts’ data.

The listed GP stakes and direct lending giant amassed $12.9bn in December for its fifth vehicle, the biggest-ever fund for the strategy.

Glendower targets buyout fund investments managed by high quality GPs.

In the first half, private equity fund sizes were larger, GPs spent even more time on the road and targets were still being hit.

The continuation fund's investors include Neuberger Berman and Fortress Investment Group.