Fundraising

International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds.

The previous fund closed at $675 million.

During fundraising, exits involving GroundWorks and Chauvet generated a 4.9x gross multiple and a 6.5x gross multiple, respectively, Cortec co-president Dave Schnadig told Buyouts.

CIP VI's limited partners include foundations, insurance companies, pension funds, asset managers, consultants and family offices.

Rolled out late last year, Fund VIII is set to be 31% larger than its predecessor, closed in 2020 at $535m, ahead of a $425m target.

The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.

Fulcrum Fund V's limited partners include insurance companies, endowments, and registered investment advisors.

KSL VI's limited partners include state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices.

Nautic Partners XI is set to bring in $1bn more than its predecessor, closed in 2021.

The fund's limited partners include public and corporate pension plans, sovereign wealth funds, insurance companies, asset managers and family offices.