Fundraising

Horizon's original target was $250 million.

The firm aims to reach its new $300m hard-cap by September and seeks to capitalise on previously inaccessible opportunities in the country, says chief executive Lenna Koszarny.

Genstar Capital Partners XI's LPs include global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions, and family offices.

The biggest vehicles on the road are seeking €36bn between them, as LPs bet on growth equity and more attractive entry multiples for Europe funds.

Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.

At $5bn, Fund VII is already the largest pool in Audax’s more than two-decade history, topping by 43% its $3.5bn predecessor closed in 2018.

TPG Tech Adjacencies II will invest in tech companies across all stages of growth through structured and opportunistic minority investments.

If wrapped up at its present size, Hunter Point Capital Fund I would already be among the 10 largest GP stakes pools, according to Buyouts data.

Solum spun out from Harvard Management Company in October 2020.

Roughly half of the capital came from new LP relationships, PEI understands.