Managers

A key aspect of the debut Pathfinder fund is its social impact pledge, with Ares committing to donate at least 10% of the vehicle’s carried interest profits to global health and education charities. Fund II is expected to take a similar approach.

Three family offices will acquire a 20% stake in Armen, which was founded last year by Ardian’s Dominique Gaillard and Capza’s Laurent Bénard.

The move is the latest in what has been a slew of relocations in the space as both established and new players look to add talent.

Investors are starting to feel the pinch of contributions outpacing distributions.

Sources said a concern among potential buyers is that, without the SVB branding and operations, access to top VCs may not be as robust for a third-party buyer.

Over its lifetime, Windjammer underwent a major change in its strategy, beginning as a junior capital solutions provider and then transitioning in 2006 to mid-market buyouts.

A 147-person-strong global fundraising and secondaries advisory behemoth could become a reality in the coming months, though exactly what that will look like remains largely guesswork.

Fund I wrapped up above an original hardcap on March 8, International Women’s Day. “It was very meaningful for me to choose March 8 as our close date,” Vertu founder and managing partner Lisa Melchior said.

Many GPs are interested in finding ways to deliver proceeds to liquidity-hungry investors in older funds as well as boosting fundraising in the challenging environment.

'When you pay all-time high prices, it tends not to be a good thing,' Blackstone’s chief administrative officer told Virginia Retirement System board members.