Industrials

In today's edition, PE's liquidity crunch is driving an evolution in structured offerings; AI's defence drive could create headaches for tech investors; Tikehau targets Japan.

In today's edition, LPs aren't letting anything stop their defence offensive; A defence expert's prompt return to market; A US endowment gets a new head honcho.

JFL Equity Investors VII arrives in the market just over a year after the close of its predecessor at $2.23bn, well above an initial target of $1.6bn.

Europe could spend as much as €14trn on defence and related infrastructure over the next decade, per a white paper from the Carlyle Group.

Along with the $50bn targeted for private equity over 2026-28, Carlyle aims to bring in more than $90bn for global credit strategies and more than $60bn for Carlyle AlpInvest, its secondaries platform.

Claus von Hermann, co-head of Triton’s mid-market funds, and Helen Williams, head of Triton’s dedicated value creation group, share what it takes to deliver a stellar exit.

‘The first thing people want more than anything else is dignity and respect, a place of purpose and belonging,’ Garden City founder Michael Arrieta told Buyouts.

Newmarch, formerly global head of private equity at the superfund, will step up to the newly created role of head of private markets and will report to CIO Simon Warner.

The lower mid-market buyout firm entered the fundraising market with a target of $350m but closed Guardian Capital Partners Fund IV at $441m.

Gridiron Capital Fund VI's target size is up moderately from the $2.1bn raised by its predecessor in 2023 against a $1.8bn target.