Emerging Managers

26North's private equity platform is led by Mark Weinberg, a former managing partner at Brookfield Asset Management.

Captona is targeting about $1bn for the fund, which will advance the firm's strategy of making carbon-reducing investments in energy infrastructure assets, sources told Buyouts.

Avance Investment Partners II is capped at $1.75bn, a person with knowledge of the fundraising told Buyouts.

Fund II targets management buyouts of mid-market financial services businesses.

In an era of anemic fundraising, hanging up a shingle and going deal by deal is working quite well for these managers.

Despite the odds, many new GP teams brave a tough market.

Terminus Capital Partners I’s LPs include endowments, funds of funds, and institutional wealth managers.

Fund III’s limited partners include Gulf Cooperation Council investors.

Invictus Growth Fund II’s LPs include pension plans, endowments, foundations, insurance companies, healthcare institutions and family offices.

Mulholland’s departure will not result in a key-person event in the funds, which would be triggered by multiple departures, sources said.