News

The fund is the first in its series to combine the original growth-oriented strategy with small-cap buyouts, which will make up the majority of the portfolio.

The legal giant has regained its crown, leading by both number of funds advised on and aggregate capital raised in 2025.

An early-stage SMA is serving as proof of concept for a dedicated strategy in the region, newly appointed APAC co-heads Hari Gopalakrishnan and Nicholas Macksey tell PEI.

The firm, which had predicted zombie funds would reach $1trn by 2030, says it now expects it to reach $2trn by that time.

The firm’s Resolute Fund VII will continue to focus on the mid- and upper-mid-market in North America.

Anchor and seed capital appear to be playing an enhanced role in the fundraising of emerging managers, particularly those in the market with a debut vehicle.

The Nordic firm held the €2bn final close on Fund X three months after launch, raising about €500m more than its predecessor vehicle.

Emerging manager fundraising has steadily declined since the peak year of 2021, when such funds raised about $159bn, according to PEI data.

The Paris-based firm has so far raised about €1.5bn of its €5bn target for Buyout VIII.

Florida SBA is considering a number of rebalancing initiatives, including LP-led secondaries activity, in order to reduce its venture capital exposure.