Growth equity

The US's largest public pension had a streak of co-investments underperforming funds in most periods over several decades, according to private equity head Anton Orlich.

Opened late last year, Bregal Sagemount V has a $3.5bn hard-cap, according to pension board documents issued this week.

Investors may be taking comfort in firms with simple strategies as market complexity increases, BV Investment Partners’ CEO told Buyouts.

Some 2,288 funds gathered $735bn between them in 2025, marking the second consecutive yearly slump in capital raising for the asset class.

The Gulf’s biggest private equity firm has been actively using continuation vehicles across its Europe tech strategy this year, says Daniel Lopez-Cruz.

Buyouts highlights some of the private equity funds and themes it believes helped define the market in 2025.

Firm targets portfolio companies primarily in the South and Midwest, where leaders of smaller businesses tend to focus more on long-term partnership and 'thoughtful stewardship,' managing partner tells Buyouts.

Its predecessor closed on $4bn in 2022 and remains Accel's largest fundraise to date.

The participation of StepStone after the first close helped propel the fundraise to a successful end, IGP founder tells Buyouts.

New York-based investment firm looks to be active across venture capital and growth equity.