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Orangewood Partners has closed its second fund at more than $200 million as well as about $100 million in equity across other vehicles.

One of Europe's largest PE firms is losing an IR veteran mid-fundraise. Plus: a Blackstone fundraiser has taken the now-unusual step of moving from in-house to a placement agent and why real estate could step on PE's toes. Here's today's brief, for our valued subscribers only.

Fundraising launched in the fourth quarter of last year and was entirely virtual in an Evercore-advised process.

Fund II will build on Orangewood’s deal-by-deal activity by investing in special situation and growth-oriented opportunities in non-discretionary healthcare, consumer and multi-unit sectors.

The move comes as the buyout firm seeks to raise its biggest-ever flagship fund.

Late-stage investment in the UK soared in 2020, due largely to financing from US firms. British investors are catching up. Will this strategy become a mainstay for VC?

The fund has already made its first investment and has a robust pipeline moving forward.

Fulcrum Equity Partners has raised $275 million for its fourth fund.

London and Stockholm-based KLAR Partners, a private equity firm focused on business services and light industrials, has closed its debut fund at a hard cap of 600 million euros.

Private markets participants are making a beeline for Asia's burgeoning private wealth market. Plus: a Triton spin-out has found its niche and LBO multiples hit a high. Here's today's brief, for our valued subscribers only.