Managers

The parallel fund will invest alongside Hahn & Co IV, which is expected to close near its $3.25bn target in Q1 2024, PEI understands.

For many fund managers, 2023 has been a year for creativity when trying to entice LP capital.

PE fundraising has entered a period that, while challenging, presents opportunities for new shops.

The Sagard-PEM hook-up is only the latest in a recent run of M&A across the private equity industry.

In a subdued deal environment, mid-market buyouts are drawing more attention, in part because they often have attractive entry valuations and are easier to finance than large caps.

Strip sales, along with tender offers, structured/preferred equity and secondary directs, represented around 20% of the about $18bn in GP-led volume in the first half.

Private equity has an outsized interest in professional sports. The NFL’s private equity commitments are the inverse of that trend.

Australia-listed Pacific Current Group made headlines this year after receiving a takeover bid from one of its own portfolio companies.

Covalent, and which aims to pool LP resources, will focus on mid-market buyouts and growth equity financings in North America and Europe, according to Wafra's Steve Moseley and AP3's Henrik Nordlander.

LPs are becoming more comfortable with the concept of acquiring minority interests in alternative asset managers.