Fundraising

Falfurrias Capital Partners has closed its fifth lower middle-market private equity fund at $850 million.

Diversis Capital Management has closed its second fund at $675 million, beating its $500 million target.

Trident IX is expected to hold a closing this month, according to recent report published by MassPRIM.

The goal is to continue capturing growth while providing an option for limited partners in older funds to cash out of their interests in the companies.

Avance's inaugural fund has already begun investing, earlier this year backing artisans supplier WSP and insurance agency UniVista.

Don’t expect every GP stakes manager and their dog to be listing a portfolio of stakes in alternatives managers anytime soon.

SER is part of a burgeoning community of fund managers focusing on sustainability strategies that includes some of the biggest private equity managers in the world.

That Elbrus has reached this fundraising milestone is impressive, with Russian private equity still reeling from the outcome of the the Mike Calvey case.

The funds' limited partners include public pension plans, endowments, foundations, and family offices, in addition to high-net worth individuals.

Alpine Investors has closed its eighth fund at $2.25 billion, beating its $1.7 billion target.