Managers

Some 508 private equity funds reached a final close globally in the first half, down 48% from 974 funds in H1 2022, according to PEI's H1 fundraising report.

The system pioneered the master custodial account structure in 2012.

Clairvest is one of a few private equity shops raising capital quickly at a moment when many GPs are forced to extend timelines due to tough supply conditions.

The firm is among a group of first-timers and other emerging managers seeking capital from increasingly reticent limited partners content to stick with their deepest relationships.

Fundraising by UK private equity and venture funds was at its highest over the last three years, at £70.2bn, with almost one-third contributed by North American LPs.

The system’s PE distributions and contributions have dropped dramatically over the past year.

The firm's targets include everything from a former VC-backed tech startup to the division of a major Fortune 100 business.

While demand for such deals is high, activity has only been steadily increasing this year amid price discrepancies and a limited capital base.

The GP stakes and financing solutions platform is backing alternative asset managers across North America, Europe and Asia, CEO Avi Kalichstein tells PEI.

Arctos Keystone's offerings could include tailored GP stake sales, bespoke continuation funds and asset or fund-level recapitalisations, executives from the group tell PEI.