Fundraising

While there are promising signs, particularly in fundraising, the next few months are murky as investors try to gauge the markets in the second half.

LPs lean toward re-ups with GPs, leaving some emerging managers out in the cold.

LPs keep emotion out of the picture as they evaluate opportunities and potential riptides in a volatile market.

The firm has the option to go higher than the $4bn target set for Blackstone Strategic Capital Holdings II, a source told Buyouts.

So far, the fund has attracted big commitments from Kentucky Retirement Systems and New York State Teachers' Retirement System.

The firm is back in market with a follow-up to its hybrid value fund and is on track to hit its $20bn fundraising goal for the year, co-founder Josh Harris said on its latest earnings call.

The fair value of Carlyle's private equity portfolio climbed 13% in the second quarter, and co-chief executive Kewsong Lee says there's more to be done in terms of recovery.

The firm has brought in about $12.4bn of inflows so far this year, which Carlyle officials described as strong especially in the absence of a major flagship fund on the market.

The London-based mid-market firm gathered €4bn in less than three months for its largest vehicle yet.

The firm hired a new managing director and promoted another to run the opportunistic strategy, which will focus on what one source called 'companies that just haven’t gone quite right.'