Managers

Atiyah’s departure is the second this year from OMERS Private Equity. Tim Patterson, an 11-year veteran of the firm and head of its healthcare team, left in January.

TCG straddles the line between venture capital and growth equity, backing young and aggressive companies like Barstool Sports, Exploding Kittens and Goldin Auctions.

GP stakes managers, sovereign wealth funds and insurers want to purchase more market share in the UK’s fragmented alternatives investment industry, according to a panel hosted by the law firm.

The deal is one of the high-profile secondaries in the market this year helping to push activity volumes that some expect to reach record highs by year-end.

Formentera’s strategy is not the traditional energy PE model, sources told Buyouts. It will instead focus on acquiring producing assets from operators who are motivated to sell.

Fundraising looks on track for another successful year with the most raised between January-March this year than any other equivalent period post-GFC.

The $128bn pension system committed to its fifth vehicle with co-investment specialist Fisher Lynch Capital.

Assets slated for a secondaries deal periodically get snapped up by outside buyers before the deals can close, a risk that increases the longer such deals linger in the market without closing.

The world's biggest asset manager in recent weeks amassed nearly $8bn across its debut secondaries fund and its third renewable energy fund.

With the closing, Fund II is 79% larger than Brightstar’s inaugural fund, which collected $710m in 2018.