Fundraising

Glendower targets buyout fund investments managed by high quality GPs.

In the first half, private equity fund sizes were larger, GPs spent even more time on the road and targets were still being hit.

The continuation fund's investors include Neuberger Berman and Fortress Investment Group.

The manager is fundraising in an environment that’s especially hard for tech companies.

Since its launch in March 2021, the fund has made investments in 10 hotels.

Astorg VIII's target and hard cap is 4.5 billion euros, a nearly 10 percent increase on its predecessor fund.

The European manager was originally seeking €6.5bn for its latest offering.

Investors in the new funds include California Public Employees' Retirement System, New Mexico State Investment Council, Alaska Permanent Fund and the Fire and Police Pension Association of Colorado

Fund VIII comes six years after the close of its predecessor, making Olympus something of a contrarian at a time when many GPs are accelerating fundraising.

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