Fundraising

The fund's investors include public, corporate and Taft-Hartley pension plans, along with high-net-worth individuals, insurance companies, foundations, and endowments.

TPG is also 'actively working' on launching Rise Climate 2 and the first Rise Climate Infrastructure fund.

The firm expects each of its funds to be larger than their predecessors, as it experiences ‘nice momentum’ across fundraising campaigns, according to its latest earnings.

Granite Creek FlexCap III will focus on growing lower middle market companies.

HP IX is 30 percent larger than the firm's previous private equity fund, which raised $4.1 billion of commitments in 2019 and has been fully deployed.

KKR Global Impact Fund II will invest in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals.

The manager looks to expand its LP base beyond Washington State Investment Board.

LPs that have received recallable distributions via NAV facilities will do well to think carefully about how and when this capital is re-used.

First-time funds only raised $6bn globally in the first quarter of 2023, after raising $67bn all of last year, according to Buyouts data.

CIVC Partners Fund VII's LPs include insurance companies, fund of funds, pension programs, foundations and endowments, and family offices located across North America and Europe.