Managers

The LP/GP relationship is one of constant flux and balance. Returns are the big factor (kind of like money issues in a marriage), but other characteristics contribute to the strength or weakness of a PE relationship.

In a statement issued this week, the firm said it had secured nearly two-thirds of PCM Fund II's target in a first closing.

Advent International, Thoma Bravo and KKR led the pack of 2022’s biggest capital raisers.

Retirement systems ponder their next steps in setting targets in a volatile climate.

While LP behaviour was heavily influenced by allocation limits this year, there are reasons for GPs to remain optimistic heading into 2023.

As of December, the firm had raised three-quarters of the $20bn target for Clayton, Dubilier & Rice Fund XII, sources told Buyouts.

The goal is to back treasure assets that sponsors are trying to hold and grow, even when they run up against structural fund issues like tapping out reserve capital.

Insight Partners launched its 13th flagship in August.

Linse Capital, founded by former Kleiner Perkins partner Michael Linse, has raised $700m in fresh capital. About $563m of the total will go to Linse Capital Fund I, which will invest in a 'select handful of new companies per year, investing between $100m and $400m in each business over time.'

The Carlyle unit's Atom Fund comes as the firm bids farewell to one of its co-heads and focuses more on credit.