Fundraising

The fund secured $2.1bn in Q4, together with more than $400m in sidecar co-investment capital, according to chief financial officer Alan Kirshenbaum.

The fund secured $2.1bn in Q4, CFO Alan Kirshenbaum said in a year-end earnings call, together with more than $400m in side-car co-investment capital.

So how does a new shop raising its debut fund navigate what is widely considered to be the toughest fundraising environment since the global financial crisis, if not ever?

Panellists at affiliate title Private Funds CFO's New York Forum shared tips including the importance being proactive about LP relationships and having cross-team support.

Among the firm's forthcoming initiatives is a Middle East private equity fund, intended to “leverage our deep relationships” in the region, president Connor Teskey said.

The private equity behemoth now holds $902bn in AUM.

Northleaf Growth Fund targets growth-stage companies in North America across the technology and healthcare sectors.

The firm's latest and largest fund will have diversity targets for portfolio company leadership teams, according to partner Nnennia Ejebe.

Riverside Acceleration Capital Opportunity Fund II will back B2B software companies.

As a result of this fundraising, Coalesce now has about $1 billion in regulatory assets under management.