Managers

Sizeable closes by large funds, including those by Advent International, Insight Partners and KKR, accounted for nearly 40% of capital raised for the period, as the number of vehicles closed sank to its lowest since 2017.

The firm is among a handful of first-timers seeking capital from limited partners who are generally slowing their fundraising pacing, especially when it comes to new relationships.

As LPs generally pull away from tech-focused funds (and consider selling down their exposure on the secondaries market), a select few continue to attract capital.

Flexpoint was founded in 2005 by CEO Don Edwards, a former GTCR executive, who designed it to be a specialist investor in financial services and healthcare.

BCI generated a one-year net return of 29.6% on its PE investments at the end of December, according to an annual report issued last week.

Clearlake is among a host of firms exploring building out or bolting on secondaries platforms.

The $2.1bn Common School Fund will now target a 15% allocation to private equity.

'It is getting harder out there,' president and COO Jonathan Gray said in the firm’s second-quarter 2022 earnings call.

The deal totaled somewhere in the range of $2bn to $2.5bn, making it one of the largest deals of the year.

Fund VI has so far secured $2.65bn, suggesting Oak Hill has already made considerable progress in what is viewed as a tough fundraising environment.