Fundraising

The firm aims to excite positive social change in American small businesses, says Brightwood Capital, and Goldman Sachs Special Sits alumni, founder Eric Taylor.

While no hard-cap has been set for Fund V, it is expected to bring in no more than $2bn.

Placement agents have faced big challenges in a rapidly changing market, but those that have evolved are thriving.

Marlin’s heritage fund platform was established to invest in lower-mid-market companies using the same core strategy deployed through its flagship vehicles.

Summit Partners has raised $7.75 billion for its eleventh growth equity fund, according to an SEC filing.

Money has been flooding into growth equity, with $70.5bn raised for the strategy in H1 alone. Increased competition and macroeconomic headwinds pose a stern challenge.

Churchill Asset Management has raised about $1.5 billion across two new funds: Churchill Secondary Partners LP and Churchill Co-Investment Partners LP.

Due to “early interest” shown by limited partners, Braemont is expected to increase Fund I's target to $700m from an original $500m, Covington told Buyouts.

Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.

Northern Lakes Capital is seeking to raise $200 million for its fourth fund, according to an SEC filing.