Industrials

Seidler Equity Partners IX held a first and final close last month at its $1.6bn hard-cap, sources told Buyouts, up 28% from its predecessor.

Altair Industries is raising its debut fund. The firm is led by two former Stellex Capital Management executives, who left the firm last September.

The New York-headquartered firm has launched a strategy focused on private equity investments in European defence, security and strategic resilience businesses.

In today's edition, Secondaries is on the up, though friction points remain; What's driving evergreen outperformance; Defence sees a deal deluge.

Investors are focusing more on the theme of resilience, David Kelnar of the investment bank's private capital team tells PEI.

'Court Square has sent back $7.4bn to its LPs since 2022, the year the Fed began raising rates,' president and managing partner Chris Bloise tells Buyouts.

Tech companies with additional strengths such as a deep grasp of end-markets are more resilient to AI disintermediation, says the Battery partner.

The €25bn retirement scheme for academics joins a growing list of European LPs exploring opportunities in the defence sector.

US managers are increasingly looking to apply their expertise in Europe as appetite for defence investment spreads in the region.