News

LPs want to understand a GP’s process for arriving at a valuation of a portfolio company because they have to trust the manager’s numbers.

The US pension has backed six private equity funds.

Marlin’s heritage fund platform was established to invest in lower-mid-market companies using the same core strategy deployed through its flagship vehicles.

LP demand for co-investment opportunities has risen sharply in recent years and is expected to remain strong this year.

Summit Partners has raised $7.75 billion for its eleventh growth equity fund, according to an SEC filing.

Money has been flooding into growth equity, with $70.5bn raised for the strategy in H1 alone. Increased competition and macroeconomic headwinds pose a stern challenge.

Churchill Asset Management has raised about $1.5 billion across two new funds: Churchill Secondary Partners LP and Churchill Co-Investment Partners LP.

The single-asset process is focused on Hispanic food-focused Flagship Food Group, which was subject to a GP-led process in 2018.

Our recent carried interest survey shows an industry concerned about alignment and valuations. Plus: why BlackRock's latest secondaries deal represents a long, long-hold and GP stakes business RidgeLake has backed a US mid-market firm. Here's today's brief, for our valued subscribers only.

Due to “early interest” shown by limited partners, Braemont is expected to increase Fund I's target to $700m from an original $500m, Covington told Buyouts.