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Even with a sluggish fundraising environment, some shops are bringing debut funds to try to loosen the purse strings of extra-stingy LPs.

Tender offers plus staples remain challenging because if the price isn't right, limited partners can simply choose not to sell.

Marc Teillon will continue to serve on the boards of several Foundation fund portfolio companies and remain a member of the Foundation Fund investment committee.

Secondaries buyers estimate there is around $14bn to $16bn or more of LP portfolio sales on the block, with anticipation of much more to come.

The staple commitment would be a boost to Carlyle’s eighth flagship fund, which has been in the market since last year targeting $22bn.

The deal is one of the higher profile GP-led secondaries to emerge from the slowdown in activity in the second half of 2022.

Sherrese Clarke Soares formed HarbourView in 2021 with aspirations to grow the firm into a $20bn asset manager by 2026.

Market professionals anticipate 2023 will be a record year as pent-up demand bursts through pricing hesitation and stored-up dry powder is unleashed.

B Capital Group invests in the enterprise, financial technology and healthcare sectors.

First-time funds are always challenging to raise, but especially so in the dislocated markets that compel LPs to stick with their long-trusted relationships and give little attention to newcomers.