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Fund III is managed by BCP Credit, a New York private debt shop launched by BC Partners in 2017 with the hire of former Apollo executive Ted Goldthorpe.

Gemspring Capital Fund III secured $1.7 billion while Gemspring Growth Solutions Fund I collected $400 million.

Executive search firm Eastward Partners says companies are going to need to get 'very creative' as pay goes up, whether for junior or C-suite talent.

Wondering how a fund has performed? PEI has you covered. Plus: Warburg Pincus is nearing the final close on its latest flagship; and Africa's Adenia Partners smashes prior raise. Here’s today's brief, for our valued subscribers only.

A green-friendly (meaning money) recycling programme allows Oregon to take up to $1bn from secondaries sales of its legacy portfolio and place it into a co-investment fund.

The deal is one of the higher profile GP-led secondaries to emerge from the slowdown in activity in the second half of 2022.

As a result of this fundraising, Volition Capital now has over $1.7 billion assets under management.

Tritium III's limited partners include retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies.

KPERS commits $80m to two PE funds.

The credit fund and a similarly-focused equity fund are both expected to close in 2023, suggesting Blackstone may soon have as much as $13bn of dedicated capital for near-term energy transition investing.