Fundraising

FHGB XI will focus on acquiring controlling stakes in middle-market healthcare companies.

Fund III's LPs include endowments, foundations, insurance companies, pensions, financial institutions, and family offices.

The recommitment to its core strategy will allow the firm to potentially take advantage of the environment, in which corporate carveout activity is on the rise.

Fund V's LPs include pension funds, asset managers, fund of funds, endowments, foundations, health systems, family offices, and insurance companies.

The Boston firm last month closed Bain Capital Global Special Situations Fund II at $4.1bn, ahead of its target, sources told Buyouts.

The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.

The private equity industry continues to face challenges around realisations, according to chief executive Bobby Le Blanc.

Fund III's LPs include endowments, foundations, health systems, public pension plans, family offices, fund of funds, advisors, and consultants.

Transom also announced the closing of an additional $79.5 million in co-investor capital commitments.

One measure of this sentiment is seen in the recent close of KKR’s debut mid-market product, Ascendant Fund, at an oversubscribed $4.6bn, despite rocky fundraising conditions.