Fundraising

In a third-quarter earnings call, Gerry Schwartz, who launched Onex in 1984, said he will step down as CEO following next year’s annual general meeting.

The volume of PE secondaries vehicles holding final closes between January and September this year dropped 49% year-on-year, according to Secondaries Investor data.

Global impact investing AUM has passed the $1trn milestone, but as the market grows, impact funds are having to find ways to stand out from the crowd.

Invictus Growth Fund I has raised $216 million and $106 million for a co-investment fund.

Brighton Park Capital Fund II targets growth-stage software, healthcare, and tech-enabled services companies.

HighBrook Property Fund IV will target industrial, residential and creative office properties in Western Europe.

Because of the perceived greater flow of climate-related opportunities this year, TPG is targeting more fundraising in both 2023 and 2024.

The firm gathered $6bn across strategies in the third quarter and $25bn in the year to September; interim CEO says ‘no long-term damage’ with leadership change.

The closing of this fund raises Adams Street's co-investment strategy assets to $4.2 billion.

Catalio Credit Opportunities Fund I's limited partners include family offices, endowments, foundations and insurance companies.