North America

Ex-Blackstone dealmaker Mustafa Siddiqui’s firm, launched in January, closed its first CV with K1 Investment Management and has since made three more investments, affiliate title Secondaries Investor understands.

In today's edition, The continuation vehicle serving as the latest example of GP-LP friction; And yet, the continuation boom looks set to continue into 2026; Another GP plants its flag in Tokyo.

A challenging environment has created a gulf between those smashing their private equity fund targets and those falling short.

Its predecessor closed on $4bn in 2022 and remains Accel's largest fundraise to date.

The firm's previous effort closed on $5.75bn in July 2024 with support from big pension funds such as New York State Common Retirement Fund, State Teachers Retirement System of Ohio and San Diego City Employees' Retirement System.

CVs continue private equity's history of innovation and evolution and will likely become part of the asset class's long term set of options for exits, co-managing partners Jeff Rhodes told Buyouts.

PEG Global Private Equity XII will focus on the small and mid-market.

PE's exit drought is prompting LPs to rethink their long-term allocations; Ares strikes its first PE deal Down Under; CVC's 12-year hold comes to fruition.

'How we did it,' says Craig Ferguson, IMCO’s head of private equity and global credit, is a 'magical story' grounded in the 'luxury of being able to focus and distil the signal from the noise'.

Aksia believes the fund’s legacy GP relationships are burdening the pension’s administrative capabilities and could 'lead to return compression over time.'