Emerging Managers

Marlin Heritage Europe II will focus on industries that include software, technology, healthcare and tech-enabled business and financial services.

Paceline Equity Partners has closed its debut opportunity fund at $350 million.

Keystone Capital Management has raised $420 million for its second institutional fund.

As markets have opened, and fundraising bulls forward as crowded as ever, LPs are getting more comfortable exploring potential new relationships, including with newer GPs.

Rockbridge Growth Equity has closed its second fund at $345 million.

Salt Lake City-based investment firm Mercato Partners has closed its second restaurant fund at $100 million.

Frazier Healthcare Partners has raised $1.4 billion for its tenth healthcare private equity fund.

Luminate Capital Partners has closed its third fund at a hard cap of $1 billion, beating its $700 million target.

Emerging managers like Butterfly are seeing renewed interest from limited partners who spent much of last year re-upping their existing relationships in the pandemic.

Rajpa,l a 20-year Goldman Sachs veteran, set up GrowthCurve in December to make control investments in businesses in financial and information services, healthcare and tech sectors.