News

In a third-quarter earnings call, Gerry Schwartz, who launched Onex in 1984, said he will step down as CEO following next year’s annual general meeting.

The system’s investment in Spark Capital’s third growth fund has earned giant returns over the past few months.

Military Mutual Aid Association hopes to commit 200bn Korean won to private equity and venture capital funds in the country.

The volume of PE secondaries vehicles holding final closes between January and September this year dropped 49% year-on-year, according to Secondaries Investor data.

Global impact investing AUM has passed the $1trn milestone, but as the market grows, impact funds are having to find ways to stand out from the crowd.

Invictus Growth Fund I has raised $216 million and $106 million for a co-investment fund.

Brighton Park Capital Fund II targets growth-stage software, healthcare, and tech-enabled services companies.

HighBrook Property Fund IV will target industrial, residential and creative office properties in Western Europe.

TPG says climate-related opportunities have emerged as one of the firm's "bright spots" this year. Plus: China fundraising doesn't appear to have been dented by 18 months of uncertainty; and Ethos Private Equity's mid-market team is going solo. Here’s today's brief, for our valued subscribers only.

Because of the perceived greater flow of climate-related opportunities this year, TPG is targeting more fundraising in both 2023 and 2024.