Managers

Captona is targeting about $1bn for the fund, which will advance the firm's strategy of making carbon-reducing investments in energy infrastructure assets, sources told Buyouts.

Avance Investment Partners II is capped at $1.75bn, a person with knowledge of the fundraising told Buyouts.

Private equity firms have turned down the heat on fossil fuel investments.

Arrowsmith today heads JMI, according to pension documents, marking a quietly executed succession since two years ago, when he shared that responsibility with founder Harry Gruner.

The investment bank has said it will no longer work with the tech and healthcare investor on placing its latest flagship fund, which is expected to seek at least €3bn.

The bruising fundraising scene is creating a vastly more competitive market for placement agents, as well as fresh lines of business, but only for those able to adapt.

The tech and healthcare investor is understood to have already raised more capital for its sophomore Spark II vehicle than its predecessor's final amount.

Fund V marked a divergence from the firm's previous fundraising method. This time, Post Oak roadshowed for the fund.

The pension fund sits below its peers for private equity allocation and is considering avenues to get up to speed.

Long focused on the North American mid-market, Charlesbank is raising the new flagship as limited partners are paying more attention to mid-cap and smaller funds.