Fundraising

Sverica focuses on the technology, business services, healthcare and advanced industrial sectors.

The fund targets infrastructure projects, renewables, power and water, social infrastructure, telecommunications and transport and logistics sectors.

The offering will combine JPMorgan’s investment banking services and Campbell Lutyens’ global placement and secondaries advisory platform, the two firms tell Secondaries Investor.

No placement agent was used.

The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.

The fund closing is impressive at a time when most funds are taking longer to reach their goals.

The fundraising brings JMI's total capital commitments to more than $8 billion since the firm's inception in 1992.

Large managers were last year the preferred choice of 'new money,' Rees said, or LPs that are comparatively new to private equity, such as overseas and retail investors.

Private equity firms are beginning to embrace vehicles such as the ELTIF and LTAF as they try to access a broader swathe of investors.

Along with expanding its geographic coverage, One Rock is adding to its family of funds. Together with the launch of the latest flagship, it unveiled the $650m One Rock Emerald Fund.