Fundraising

If wrapped up at its present size, Hunter Point Capital Fund I would already be among the 10 largest GP stakes pools, according to Buyouts data.

Solum spun out from Harvard Management Company in October 2020.

Roughly half of the capital came from new LP relationships, PEI understands.

The European team led by Hemmers made its inaugural investment in March in LOGEX, a European healthcare analytics provider.

Recent investing by Brookfield has informed its plans for a long-term strategy. The firm is exploring more deals “outside of a fund structure,” David Aiken, head of long-term equities, told Buyouts.

The fund's strategy will likely borrow, sources told Buyouts, from Blackstone Private Credit Fund – widely known as BCRED – a business development company formed in 2020 for individual investors.

The consumer-focused manager seeks at least $1.25bn.

The fund's limited partners include a broad set of institutions, family offices and individual investors across the Americas, Europe and Asia as well as J.P. Morgan.

Flexstone Partners is an affiliate of Paris and Boston-based Natixis Investment Managers, which has more than $1.1 trillion of assets under management.

The risk with quick and consistent fundraising processes is that commitments and capital calls for new deals will outpace money flowing back to LPs.