Managers

Without new capital coming in, the firm is considering an extensive continuation fund process that would extend its ability to make new investments.

Japan is benefitting as some investors shift focus away from Chinese private equity, partner Naofumi Nishi tells PEI.

The fund of funds specialist's next Opportunity fund may include an ex-China sidecar to reflect shifting LP appetites, managing partner Alex Sao Wei Lee tells PEI.

The fund's target is $1bn larger than TPG's previous flagship's raise, but sets a more conservative aim than TPG Partners IX's $15bn target.

Buyouts is tracking around 50 'most interesting' emerging manager firms, including many first-time GPs, seeking LP capital this year.

The firm remains ‘very, very focused’ on the performance of Fund VIII, which closed below target in 2023.

Along with continued faith in the fundraising plan, 'we’re leaning into opportunities to deploy capital and play offense,' CEO Jon Winkelried said in a Q1 earnings call, supported by $57bn of dry powder.

SQ Capital’s fundraising could benefit from what has been momentum behind secondaries dealmaking of late, as GPs and LPs both seek a remedy to persistent illiquidity.

Australia's third-largest superfund has a new European head of PE. Plus: Ares reckons more endowments could hit the secondaries market. Here's today's brief, for our valued subscribers only.