Fundraising

Carlyle confirmed it closed the fund in August, along with its debut growth pool, for a total of around $16.1bn for the firm's integrated US buyout and growth platform.

More capital is going into the hands of the biggest funds, and yet according to research shared with PEI, LPs are turning their attention to the lower end of the market.

Eight slides that look at the amount of private equity capital raised between January and end-September and what the figures show.

Fund closings declined more significantly. Some 554 vehicles were wrapped up in the first three quarters, down 43% year over year.

First-time and emerging manager fundraising has slowed greatly in the tougher fundraising market, with limited partners choosing to mostly stick with their deepest relationships.

The firm raised $180m and has already made two investments, says founding partner Eric Elalouf.

Based in Tampa, Florida, Apex is a residential HVAC, plumbing and electrical services company.

Norvestor IX's LPs include endowments, foundations, government agencies, insurance companies, pension funds, fund of funds and family offices from the Americas, Europe and Asia.

Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds, sovereign wealth funds and family offices.

Fund III beat its $350 million target while EGB exceeded its $150 million target.