Managers

Fund of funds sales represented the majority of LP transactions by asset managers in 2023, according to a recent full-year 2023 volume report.

In a way, the 'exit' challenge gives emerging firms, smaller buyout shops and even first-timers an advantage over more established GPs.

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

Summit is targeting slightly more for Fund XII compared to its predecessor, wrapped up three years ago at $8.35bn.

The Point Investment sale is part of a wave of LP secondaries driving activity in the market this year.

Raymond James, Evercore, Jefferies and Campbell Lutyens are in the wings for the pension fund’s secondary sales route.

The Court's decision hands a big victory to private fund managers while rifts in the LP community may have aided the downfall of the regulatory package.

Otro will make operationally oriented control and significant minority investments in sports-related businesses and assets, sources said, targeting dealflow mostly in North America and Western Europe.

The firm has set a €400m hard-cap for ArchiMed MED Rise, according to documents prepared by a US pension.

The single-asset continuation fund process is part of a wave of such deals GPs are attempting as a way to deliver proceeds to limited partners in older funds at a time of slow exit activity.