Fundraising

Both LPs and GPs are getting more sophisticated in their approach to raising capital and addressing liquidity challenges. There are now many more options on the table, says Sam Kay, partner and head of investment funds at Travers Smith.

Regulatory complexity, ESG challenges and increasingly demanding investors mean it is time for private markets to finally move beyond Excel, says State Street senior managing director Cesar Estrada.

Spurred by a post-pandemic recovery, tech fundraising this year and beyond could outdo recent trends. If so, the $55bn collected in Q1 is perhaps a harbinger.

Denali Growth Partners has closed its inaugural fund at $203 million.

A list of the biggest growth equity funds to have closed so far, including the alternatives giant's $4.5bn vehicle which closed this month.

Capital raising for its latest vehicle follows a restructuring at the firm in which its private equity, private credit and small loans businesses will operate as separate entities.

Atlas Holdings has closed its fourth private equity fund at a hard cap of $3.1 billion.

Monogram Capital Partners is seeking to raise over $126.4 million for its second fund, according to an SEC filing.

Cerberus Capital Management LP has raised about $2.8 billion for its fifth real estate fund, beating its $2 billion target.

The Asia-based managing director departure comes as the alternatives giant seeks to raise $130bn by 2024.