Fundraising

A Callan presentation for a Chicago pension fund indicates KKR may be rolling out its 14th flagship fund this year.

More sponsors closed funds at or above their targets in 2022 than they did in prior years, including the record-breaking 2021, according to Buyouts data.

The fund will focus on middle-market services businesses in North America.

In recent years, a handful of shops have launched to invest in the royalty-generating creative property of artists and songwriters.

MiddleGround will be entering a fundraising market that has not been kind to newer managers.

A few factors are at play that may help explain why PE's fourth-quarter marks remain (relatively) strong.

Confidence about ONCAP V achieving a final close in 2023 owes to the platform’s “formidable track record,” president Bobby Le Blanc said.

Fundraising timelines last year were the longest since 2010, when private equity was recovering from the financial crisis.

Capital raised totaled $528bn in 2022, down only slightly from the $535bn secured in the robust market of 2021. But fund closings fell to their lowest level since 2017, down 29% from a year earlier.

Blackstone, Carlyle and KKR gathered significantly more capital for private credit than for private equity last year, according to full-year earnings reports.