Buyout

Asia-Pacific's lack of a risk premium does not mean it has underperformed, according to Hamilton Lane co-chief executive Juan Delgado-Moreira and co-head of Asia investments Collwyn Tan.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.

Session Private Equity was launched in July by Hiroaki Wakashita, a former Tokyo-based partner at Orchestra Private Equity and 15-year veteran of The Riverside Company.

Funds collected $408.6bn during H1 2024, up from $374.6bn for the same period last year, according to PEI data.

At its new total, Blackstone Capital Partners IX could be only several months away from wrapping up.

The Brussels-headquartered buyout shop, formerly known as Ergon Capital, reopened Fund III in 2016 to introduce new external capital via a stapled secondary.

Japan could be in contention for Advent’s next stage of Asia-Pacific expansion after the firm’s newly opened Australia office, India head Shweta Jalan tells PEI.

The Paris-based manager is set to be back in the market with its sophomore secondaries fund in early 2025, following closes for its flagship and emerging manager funds.

Exit activity across the industry will continue to pick up over the second half of this year, says the firm’s chairman of Europe Nikos Stathopoulos.