News

Many public pensions face governance issues when considering continuation fund opportunities.

The Chicago shop, a family and founder-oriented merchant bank, wrapped up BDT Capital Partners Fund 4 this month, ahead of a $13bn target, sources said.

The firm is led by Brian Martin, formerly an executive in American Capital's LBO group, and Mike Janish, a one-time CEO of American Capital-backed Avalon Laboratories.

The system backed off a planned secondary sale after prices came in too low.

He will continue in his CIO role through June 30, 2024 while the CalSTRS board conducts a global search for his successor.

The VC unit will consider re-opening JP Fund I to test international appetites before launching its second Japanese fund of funds later this year, PEI understands.

Fundraising last year was strong in terms of absolute numbers, but the capital flowed to far fewer firms and funds than in the past.

The editors of Buyouts honor exceptional buyouts with our Deal of the Year Awards.

VMS Group is aiming to raise at least $100m by final close to pursue global AI opportunities.

Through the new fund, Sterling intends to capitalize on sector tailwinds, such as manufacturing onshoring, aging infrastructure and inflation and supply-chain challenges.