Fundraising

In today's edition, Two more LPs are urging caution amid rising geopolitical instability; A growth fund hits final close in '12 days'; Ardian rejigs its leadership bench.

The fund comes three years after the firm raised $3.3bn for its 14th flagship.

The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.

Accelerating GP demand for fund capital is at odds with today’s supply crunch, caused by widespread LP overallocation.

Opened late last year, Bregal Sagemount V has a $3.5bn hard-cap, according to pension board documents issued this week.

Many GPs have been seeking ways to sort out assets lodged in older funds, with limited partners increasingly seeking liquidity.

Fundraising timelines averaged 18.6 months in the North American market last year, down from a record high in 2024, according to Buyouts data.

CCO V’s LPs include pensions, endowments, foundations, family offices and sophisticated clients of registered investment advisors.

Large LP organizations have become increasingly vocal with concerns about the rise of private wealth and the potential of retail capital flooding the industry.