TMT

The firm held a 'record' first close for WestCap Strategic Operator Fund III during Q4 2025, sources tell Buyouts, backed by a mix of new and existing LPs.

The London-headquartered firm’s investment thesis centres on finding companies that are 'ideally AI winners, and at best, AI-neutral', partner Salim Nathoo 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.

The Boston-based multi-family office is looking to strike a balance of established GPs prepared to navigate distressed environment with managers ‘not swimming in crowded pools’ in private equity.

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

Software funds from the likes of Vista, Insight and PSG are largely outperforming or matching their vintage cohorts, despite concerns over returns in this sector.

The firm launched its inaugural fund in late 2023, and nearly doubled its size since its second close in early 2025, according to PEI Group data.

The software giant will run off its Growth Fund and will not raise another vehicle for the strategy, with the two co-heads of its growth business having left the firm, PEI has learned.

The majority of the firm’s LPs are individuals with leadership positions at successful businesses in Lead Edge’s target investment areas, a managing partner tells Buyouts.