Emerging Managers

The financial adviser’s white paper indicates that higher returns and only moderate risk await LPs who take the plunge into Fund Is.

Traditional buyout firms are taking advantage of what is widely considered a deficit of capital available for the growing number of opportunities in the secondary market, as GPs and LPs seek ways to monetize assets in older funds.

Second fund saw particularly strong support from existing Asia-based investors, CIO tells Buyouts

The raise comes at a challenging time in the private equity fundraising market, especially for newer managers.

Ex-Blackstone dealmaker Mustafa Siddiqui’s firm, launched in January, closed its first CV with K1 Investment Management and has since made three more investments, affiliate title Secondaries Investor understands.

The inaugural fund’s LPs include asset managers, pensions, foundations, family offices, insurance companies, and endowments.

Launched in April, Sandbrook Climate Infrastructure Fund II held a first close three and a half months later, raising $1.1bn – or more than half of the target – sources told Buyouts.

The fund’s limited partners include StepStone Group, Oxford Financial Group, Ltd., and Olympus Ventures.