Fundraising

Private equity had a quiet ride in 2024, with longer fundraising timelines hampering activity.

Along with targeting a larger fund size, Novacap aims to wrap up the new flagship in a single closing in the first quarter of next year, according to pension documents.

VCP Fund I's LPs include institutional investors, former investment colleagues, and founders and CEOs from prior investment partnerships.

Last week, Investcorp Strategic Capital Group announced it had joined Ownership Works, making it the shared ownership organization's first GP staking partner.

After another busy year in the secondaries market, demand for capital solutions shows no signs of abating as both GPs and LPs navigate a shifting market backdrop.

The head of private equity primaries for the US firm’s External Investing Group talks about the implications of longer fundraises and why LPs are delaying commitments to GPs.

New Jersey Division of Investment, a long-time investor in JLL funds, is committing $200m to the new flagship, accounting for more than one-fifth of the target.

Warburg’s move comes as several other large GPs have built out internal secondary capabilities, including TPG and Leonard Green.

AKKR Strategic Capital will invest in the software industry in the secondary market.

Also, Neos raised $350 million for a co-investment vehicle alongside Fund II.