Fundraising

Seed platform Evolution Managers Capital backed Conanicut Capital, which was formed by Jared Paquette.

Knox Lane was founded last year by Managing Partner John Bailey and Partner Shamik Patel, both veterans of TPG's growth equity and mid-market buyout arm.

The firm is aiming for a first close on the flagship in April and a final close by June.

The Singaporean firm held the final close on Quadria Capital Fund II on $595m after raising its hard-cap from $500m, managing partner Abrar Mir tells PEI.

Strong fundraising is a result of emerging and established growth equity brands closing ever larger funds as well as buyout managers wading into the space.

The Alpine funds focus largely on the downside-protected portion of a company’s capital structure, but also will invest with equity components like convertible securities, options, warrants and preferred stock.

The fund's investors are predominantly regional banks and local financial institutions looking to generate additional business opportunities within their respective locales, PEI understands.

Serent promoted Stewart Lynn and Prital Kadakia, increasing the number of partners to five, including founders Kevin Frick and David Kennedy.

A potential sale out of a relatively young fund has raised eyebrows in the market that is dominated by Dyal, Goldman Sachs’s Petershill Group and Blackstone Group.

Find out who took the plaudits in Fund, Deal and Exit of the Year, plus the different markets and geographies across the region.