Managers

The lower mid-market has not traditionally generated much GP-led secondaries activity, but the market has expanded as new firms raise funds and GPs seek to find ways to generate liquidity on older assets.

Some PE firms learned that CEOs who showed a good combination of empathy and energy led their teams through the crisis, and the ones that showed too little of either really struggled.

Lessons from its debut 'impact-driven' long hold fund 'will trickle in' to the rest of the firm's platform, says EQT's Anders Misund.

The strategy will seek up to $4.25bn between the main fund and a sidecar with a slightly modified mandate, according to documents from New Mexico SIC.

Coral Tree is among a handful of first-timers braving the fundraising markets, which have become more open to emerging managers.

The 10 largest funds to have closed in the first three quarters of 2021 amassed $143bn between them, $40bn more than in the equivalent period last year.

Though it is rare for a buyout shop to go public in Korea, STIC Investments will join a handful of listed venture capital firms in the country.

The move is unusual for a limited partner organization at a time when most LPs are either maintaining or growing their exposure to the asset class.

Along with fundraising, Blackstone has been active adding to its GP stakes portfolio, deploying an expected $1.5bn-plus to deals backing GTCR, Sentinel and a third firm.

Perpetual assets under management increased 70% year over year to nearly $200bn across 16 unique vehicles, president Jonathan Gray shared on Thursday's earnings call.