Managers

An early-stage SMA is serving as proof of concept for a dedicated strategy in the region, newly appointed APAC co-heads Hari Gopalakrishnan and Nicholas Macksey tell PEI.

The firm, which had predicted zombie funds would reach $1trn by 2030, says it now expects it to reach $2trn by that time.

The firm’s Resolute Fund VII will continue to focus on the mid- and upper-mid-market in North America.

Anchor and seed capital appear to be playing an enhanced role in the fundraising of emerging managers, particularly those in the market with a debut vehicle.

The Nordic firm held the €2bn final close on Fund X three months after launch, raising about €500m more than its predecessor vehicle.

Emerging manager fundraising has steadily declined since the peak year of 2021, when such funds raised about $159bn, according to PEI data.

The Paris-based firm has so far raised about €1.5bn of its €5bn target for Buyout VIII.

Florida SBA is considering a number of rebalancing initiatives, including LP-led secondaries activity, in order to reduce its venture capital exposure.

The $11.2bn independent wealth manager is targeting a fund of funds approach, with a portion dedicated to co-investment and direct investing.

In today's edition, Nordic Capital says LPs want clarity around AI disruption risk; Blackstone's APAC fund close builds upon a regional rebound; Alaska's private markets doubts aren't denting its commitment(s).