Fundraising

The fund's LPs include pension funds, wealth managers, insurance companies, consultants, family offices, foundations, and funds of funds.

Some firms continue to push through parallel pools outside of the flagship strategy despite constrained LPs who are juggling overexposure to the asset class and dwindling distributions.

Kinzie Fund II's backers include foundations, endowments, pension funds and family offices.

The flagship is already the biggest in Platinum’s almost three-decade history, with the amount raised to date just surpassing the $10bn brought in by Fund V in 2019.

Some 149 North American private equity vehicles were wrapped up during this period, down 49% from a year earlier. Compared with Q4 2022, closings dropped by 9%.

The program's investors include East Rock Capital, LLC, a U.S. public pension fund, family offices, and financial institutions representing endowment and foundation clients.

Consultant NEPC expresses some concerns about the manager’s GP-led secondaries and lower-mid-market strategies.

Demopolis has already begun doing deals, including this year's investment in Tyfone, a provider of consumer and commercial digital banking services.

For GPs with funds in the market, any extended fundraising delay could cause headaches as they have deadlines to meet, deals to close and employees to pay.

GTCR Fund XIV's limited partners include global endowments and foundations, public and corporate pension plans, sovereign wealth funds and financial institutions.