Fundraising

Based in Palm Beach, Florida, Arbor invests in the food and beverage industry.

Fund I’s limited partners include pensions, insurance companies, financial institutions, foundations, funds-of-funds, and family offices.

StepStone Tactical Growth Fund IV’s limited partners include sovereign wealth funds, public pensions, superannuation funds, funds-of-funds, family offices, and private wealth platforms.

Some LPs tell PEI they are more cautious of US private equity in the near term, with European markets to be potential beneficiaries this year.

LLR’s previous fund closed in October 2020 at $1.8 billion.

The capital pool for independent sponsors has grown over the years with several firms today reserving capital specifically to invest alongside dealmakers on individual transactions.

Invictus Growth Fund II has already made three platform investments, a source told Buyouts, the most recent of which is StructuredWeb, an AI-enabled channel sales and marketing SaaS solutions provider.

Maple Park Capital Partners Fund I, opened in January, raised $125m against a $250m target in a first closing held in March, sources told Buyouts.

As traditional exits remain sluggish this year, GPs are getting creative in finding ways to deliver liquidity to limited partners in older funds.

'It is the challenging environments that best showcase the strength and stability of our firm,' chairman and CEO Stephen Schwarzman said in Blackstone's Q1 earnings call.