Managers

The firm's new vehicle will target European LPs and invest in European SMEs amid rising appetite for defence-related assets, partners Peter Ryttergaard and Lasse Lynge tell PEI.

Prevailing wisdom in the industry has always been to wait out the storm. But some have begun calling for managers to bite the bullet and make exits in order to flush the system and move on.

Despite the prevalence of longer fundraising timelines in a slow market, Great Hill expects to wrap up Fund IX in relatively short order.

The firm looks to raise nearly $1bn more than Fund VI.

The board’s vote to not extend its investment in the fund for a fourth time ran counter to its investment adviser’s recommendation.

The additions include Mark Epley, named a senior adviser supporting secondaries investment origination and sponsor coverage, sources told Buyouts.

The firm expects to hold a first-close on the process in June, a source told Buyouts.

The standard mode used to communicate risk-return goals is being re-examined given new frustrations with long-held tools.

The Veritas Capital Fund IX raised over $13bn and is 25% larger than its predecessor.

Tariff turmoil could battle test the resolve of individual investors and their suitability for the burgeoning community of semi-liquid private markets funds.