News

The alternatives giant's plans come as firms including Ares Management and Apollo Global Management make a concerted push into raising capital from wealthy individuals.

PAG, an Asia-focused investment firm, is seeking to raise $9 billion for its fourth buyout fund, reported Reuters.

The goal is to reach the 10% allocation by 2024, with the pension fund also ramping up its co-investments, as scaling co-investments is reducing program costs.

Portfolio Advisors has raised over $2.45 billion for its fourth secondary fund, according to an SEC filing.

Fundraising, deals and exits as of the third quarter are at record levels, the alternatives giant reported on its latest earnings call.

Nautic Partners has closed its tenth fund at a hard cap of $3 billion.

Nearly $361bn was raised by 617 buyout, growth equity, venture capital and other PE funds at the end of September. In dollar terms, this surpasses activity in the first three quarters of all previous years.

A report has criticised the industry over its past investment in oil, gas and coal. Affiliate New Private Markets contacted the 10 private equity firms cited and their responses were mixed.

Venture capital giant Sequoia is undergoing a major restructuring as it embraces longer holds. Plus: What you need to know from Ares' Q3 earnings and why two Japan veterans are banking on the country's secondaries market. Here's today's brief, for our valued subscribers only.