Fundraising

Increasing portfolio diversity is just one approach GPs are taking to reverse last year's decrease in funding.

Falling valuations and increasing emphasis on efficient and sustainable growth by private companies are likely to make conditions ripe for growth capital investing, say Adams Street Partners’ Robin Murray, Tom Bremner and Fred Wang.

The lower middle-market manager invests in a wide array of consumer, services, distribution and niche manufacturing companies – including three geared toward DIY car enthusiasts.

Horizon's original target was $250 million.

The firm aims to reach its new $300m hard-cap by September and seeks to capitalise on previously inaccessible opportunities in the country, says chief executive Lenna Koszarny.

Genstar Capital Partners XI's LPs include global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions, and family offices.

The biggest vehicles on the road are seeking €36bn between them, as LPs bet on growth equity and more attractive entry multiples for Europe funds.

Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.

At $5bn, Fund VII is already the largest pool in Audax’s more than two-decade history, topping by 43% its $3.5bn predecessor closed in 2018.

TPG Tech Adjacencies II will invest in tech companies across all stages of growth through structured and opportunistic minority investments.