Fundraising

“It’s a great time to have capital,” managing partner Tom Barnds told Buyouts. “It puts us on the front foot of supporting existing businesses and going after new platforms.”

A key aspect of the debut Pathfinder fund is its social impact pledge, with Ares committing to donate at least 10% of the vehicle’s carried interest profits to global health and education charities. Fund II is expected to take a similar approach.

No placement agent was used.

Over its lifetime, Windjammer underwent a major change in its strategy, beginning as a junior capital solutions provider and then transitioning in 2006 to mid-market buyouts.

A 147-person-strong global fundraising and secondaries advisory behemoth could become a reality in the coming months, though exactly what that will look like remains largely guesswork.

The target is $750 million.

Portfolio Advisors Private Equity Fund XI's LPs include private and public pension plans, university endowments, private foundations, insurance companies, family offices and high net worth individuals.

STF invests in software and software-enabled technology services businesses.

Fund I wrapped up above an original hardcap on March 8, International Women’s Day. “It was very meaningful for me to choose March 8 as our close date,” Vertu founder and managing partner Lisa Melchior said.

Many GPs are interested in finding ways to deliver proceeds to liquidity-hungry investors in older funds as well as boosting fundraising in the challenging environment.