Managers

The $5bn system looks to build out its private equity portfolio and sees potential for new manager relationships.

Tender offers plus staples remain challenging because if the price isn't right, limited partners can simply choose not to sell.

'For 2023... we believe our aggregate fundraising will be well in excess of last year’s and will approach our record in 2021 of $77bn,' CEO Michael Arougheti said in a year-end earnings call.

Partner Rebecca Gibson speaks to PEI about the firm's latest capital raise for Oakley Capital V, its 25 new investors and why raising almost twice the amount of its predecessor is the right-size for the fund.

LPs are expected to increase sales of their portfolios over the coming year, which could bode well for secondaries funds.

Marc Teillon will continue to serve on the boards of several Foundation fund portfolio companies and remain a member of the Foundation Fund investment committee.

Vistria bucks the trend with a quick turnaround for its latest fundraise. The manager holds over 30 portfolio companies across its four previous offerings.

LLR Equity Partners VII will focus on lower-mid-market tech and healthcare companies.

Secondaries buyers estimate there is around $14bn to $16bn or more of LP portfolio sales on the block, with anticipation of much more to come.

West Street Global Partners I, which held a final close on $5.2bn this week, is among the largest first-time funds dedicated to growth equity.