Fundraising

Investindustrial Growth III will invest in European lower mid-market companies.

The number of vehicles to wrap up fundraising during the first quarter suggests total funds to close this year could fall by half, according to PEI data.

A key feature of the Pathfinder strategy is its social impact pledge. Inclusive of Fund II’s first close, the platform will have more than $10.5bn of capital 'designated with this charitable tie-in,' CEO Michael Arougheti says.

Fundraising is taking longer but many LP institutions still have appetites for backing new shops.

The fund's limited partners include Prudential Financial Inc, the University of Chicago and Neuberger Berman.

Pacific Avenue Fund I's limited partners include insurance companies, consultants, endowments and foundations, funds of funds, family offices and individuals.

LinkedIn has become a crucial component of the fundraising process as LPs scrutinise social media in a bid to support decision-making.

As the PE investor base becomes increasingly global and diverse, GPs and LPs are harnessing data to mine more investment strategy and portfolio performance insights, says State Street’s Jesse Cole.

Private equity firms are having to adjust to a challenging fundraising environment, but there could be some interesting opportunities ahead for those with capital to deploy, says Markus Benzler at UBS.