Fundraising

Buyout, growth equity, secondaries, venture capital and other private equity funds raised a total of $81bn between January and March, down 16% from $96bn secured a year earlier.

ONCAP V includes $250 million from Onex.

Private equity funds in the first quarter gathered about $180bn between them, $22bn less than the equivalent period last year.

Fund II will continue Excelsior’s strategy of investing equity in solar, energy storage, wind, and other energy transition projects across the US.

RCP Direct V’s LPs include family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals.

Side Letter gets a sneak peek at PEI's Q1 fundraising stats just as President Trump appears to dash hopes of a broader revival. Plus: a west coast firm is attempting to teach other firms how to generate liquidity in a tough exit market. Here's today's brief, for our valued subscribers only.

The firm gathered roughly 10% of the capital for its €4bn eighth fund from non-institutional investors, founder Andrea Bonomi tells PEI.

Funds are taking 20 months on average to close in the current environment, according to Private Equity International’s 2024 Fundraising Report.

All-weather in nature, Sixth Street’s opportunities strategy is as comfortable in so-called blue-sky investments as it is in stressed and distressed deals.

The evergreen structure reduces inefficiencies for institutional LPs and can even help mitigate the denominator effect, according to speakers at PEI Group’s Investor Relations Network New York Forum.