News

First-time and emerging manager fundraising has slowed greatly in the tougher fundraising market, with limited partners choosing to mostly stick with their deepest relationships.

The firm raised $180m and has already made two investments, says founding partner Eric Elalouf.

Based in Tampa, Florida, Apex is a residential HVAC, plumbing and electrical services company.

Norvestor IX's LPs include endowments, foundations, government agencies, insurance companies, pension funds, fund of funds and family offices from the Americas, Europe and Asia.

Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds, sovereign wealth funds and family offices.

Fund III beat its $350 million target while EGB exceeded its $150 million target.

Megafunds raised between Q1-Q3 this year include vehicles by CVC Capital Partners, Apollo, Permira and Warburg Pincus.

BDT Capital Partners Fund IV, already 43% bigger than its predecessor, is expected to wrap up this month, sources told Buyouts.

NGT III will target companies in high-growth tech companies in North America, Europe and Israel.

Gridiron Capital Fund V's limited partners include pension funds, insurance companies, family offices, endowments, and foundations located across the U.S., Europe, Asia, and the Middle East.