Managers

Some sponsors are in liquidity binds because they must wait longer to get carry.

The new vehicle comes almost two years after the closing of Fund X at $10.2bn, above an original target of $8bn.

The €1bn fund is 43% bigger than its predecessor and will continue the firm's strategy of backing European growth-stage software and consumer internet companies.

The European giant says capital from private banks, family offices and aggregators could one day account for between 20% and 30% of its AUM.

Market professionals anticipate 2023 will be a record year as pent-up demand bursts through pricing hesitation and stored-up dry powder is unleashed.

'A professional football player is going to play just as hard whether he makes $25m a year or $5m or $200,000,' Thoma told Buyouts. 'He's in it for the love of the sport.'

B Capital Group invests in the enterprise, financial technology and healthcare sectors.

The $33bn system adds flexibility in making a secondaries purchase, perhaps indicating the system sees an opportunity in a dislocated market.

EQT has become the latest alternatives giant to court the private wealth channel with a suite of semi-liquid products.

Valuations, conflicts of interest and compliance with the new Marketing Rule will be key areas of focus for SEC examiners