Managers

Chris Lerner joined MSA Capital in October after nearly a decade at Eaton Partners, where he led the origination and execution of fundraises, secondaries and strategic advisory.

The new fund is hitting the market less than two years after its last one, amid positive headwinds for its sector focuses.

Capital raising by private equity funds surpassed $500bn in 2020, the third-highest fundraising total since 2015, amid challenges posed by the pandemic.

LP portfolio sales, the most traditional form of secondaries, have largely stopped as buyers look for ways to appropriately price the diverse underlying assets held within the PE funds.

Avista has to date has invested over $6bn in more than 35 growth-oriented healthcare businesses globally.

Partners Group meanwhile has been raising its Partners Group Secondary 2020 program targeting $4 billion.

The haul for Fund VI comes as firms raised more than $500bn of capital in final closes last year.

IFC’s latest report is one of the industry’s most comprehensive roadmaps on how GPs and LPs can address gender disparities in their firms and investment portfolios.

NB Strategic Co-Investment Partners IV wrapped up above its $2 billion target, making it the largest fund raised under Neuberger Berman’s 16-year program.

The fund was launched in November and already has commitments from pension systems in Virginia and Ohio.