News

New faces that are attracting capital in very lean times.

While much of the market is struggling to return capital back to LPs, newer, smaller PE managers have multiple paths to exit. With strong performance, the future looks bright for the newbies.

Town Lane Real Estate Opportunities Fund I's limited partners include university endowments, charitable foundations, family offices and pension funds.

In a tough capital-raising market, GPs are offering more incentives to LPs. This seems to be the approach taken by Constitution, which is offering a 50% fee discount to early investors in Ironsides VII.

Sagard Senior Lending Partners Fund will focus on middle-market businesses in the US and Canada.

Ardian Growth Fund III's limited partners include major banks and insurance companies, entrepreneurs, pension funds and government agencies.

JADA is the fund's lead investor.

Fund V will target companies in power generation, renewable and storage assets and critical sustainability and decarbonization infrastructure.

The firm plans to launch its Core Private Equity product this year and will invest via secondaries, according to CIO and CEO Beno​ît Durteste.