News

Chief executive Harvey Schwartz identified the firm's wealth business as one of its key strategic objectives for 2024.

The firm's latest and largest fund will have diversity targets for portfolio company leadership teams, according to partner Nnennia Ejebe.

Earlier this year, Sycamore took over Chico’s FAS in a $1bn deal, which the firm planned to merge into its KnitWell Group platform that includes other brands like Ann Taylor and Talbots.

A total of $559bn was raised by buyout, growth equity, secondaries, venture capital and other funds last year, down 9% from the $611bn secured in 2022. Fund closings dropped more significantly, down 17%.

Private equity fundraising fell for the second year in a row last year, with the number of funds closed almost matching the number seen in 2017.

Many limited partner institutions either have used the secondaries market to sell fund stakes, or are ready to hit the market with sales as soon as pricing hits the right level.

The system plans to commit $385m to PE in 2024.

The team already has nine fundraising mandates, including Graycliff Partners V; Ascend Partners’ second fund; Pritzker Private Capital Fund IV; and the debut fund of ex-Vista Equity senior executive Brian Sheth, Haveli Investments.

Managing director Rohan Wolfers tells PEI that Australia's 'relatively low-risk profile in the current macroeconomic and geopolitical climate' is attractive to potential investors.

Technological developments in the real estate space mirror the progress being made in the democratisation of private equity, writes Kyle Hagerty.