Fundraising

Periscope Equity III’s LPs include university endowments, pension funds, charitable foundations, consultants, funds-of-funds and family offices.

The firm's Keystone strategy provides bespoke offerings to alternatives managers at the management company, fund and asset level.

'We are strong believers that AI will continue to increase the already large investment opportunity in B2B software companies,' JMI managing partner Peter Arrowsmith told Buyouts.

Audax Private Equity Solutions Fund’s LPs included public and private pensions, consultants, funds of funds, insurance companies, asset and wealth managers, banking institutions, and high-net-worth investors and family offices.

Launched earlier this year, FR Evolution II is expected to hold a first close later this month, sources familiar with the fundraising told Buyouts, and wrap up sometime in 2026.

JMI Equity Fund XII closed approximately four months after its launch in March.

Fund II and the European sidecar were each raised in a single closing and completed in less than four months.

Opened in June, according to Buyouts data, Ridgemont Equity Partners V is expected to close in the third quarter.

Its predecessor – the 2021-vintage Crown Asia-Pacific Private Equity V – raised $1.65bn against a $1bn target.

'While the corporate private equity market broadly has faced criticism for low levels of capital returned to investors, we’ve defied that trend,' CEO Harvey Schwartz said in the firm's Q2 earnings call.