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The Canadian pioneer of institutional direct investing is launching a global private equity funds strategy with long-time exec Michael Graham set to retire.

GCP III's LPs includes a broad range of institutions, family offices and executives.

CAI Fund VII held its first close in June 2023 and concluded its fundraise in September 2024.

Also, Sound Point Direct Lending closed on a separately managed account that is expected to grow to more than $500 million.

The fund has already surpassed its €1.38bn predecessor, which closed ahead of its €1.35bn target in 2019, Private Equity International has learned.

Partners Group and BlackRock are seeking to revolutionise private wealth fundraising with a new model portfolio solution. Plus: lawyers say the exit winter is starting to thaw (at least in some markets). Here's today's brief, for our valued subscribers only.

Set up in 2021 by CEO Marcia Page, co-founder of Värde Partners, MPowered is part of new wave of private market GPs run by seasoned female dealmakers.

The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.

To date, the fund has invested about 45 percent of the capital raised.