Emerging Managers

Bansk was among a group of first-timers scrambling for capital in the tough fundraising environment that emerged with rising inflation and interest rates.

Fund II's limited partners include pension funds, endowments, foundations, family offices, asset management firms, and financial institutions.

The Atlanta-based private equity firm invests in lower middle-market franchise, consumer and industrial companies.

As a result of this fundraising, Gainline now has $1.3 billion of assets under management.

Bracket also raised an additional $300 million in co-investment and evergreen funds to invest alongside Fund III for a total of $450 million in equity to deploy.

Emerging manager fundraising has slipped, especially for first-timers, in the fundraising slowdown.

Bain Capital Insurance Fund LP's investors include institutional investors and high-net-worth individuals and families.

The firm is among a group of first-timers and other emerging managers seeking capital from increasingly reticent limited partners content to stick with their deepest relationships.

Fund II's limited partners include insurance companies, fund-of-funds, family offices, charitable foundations, university endowments, and high-net worth individuals.

Fund III will focus exclusively on niche, non-correlated assets, primarily in the U.S.