Fundraising

Lee’s hire comes as Percheron raises its debut fund, which has been in market since at least February.

Meaningful Partners has closed its debut fund at $175 million.

Harlan Capital Partners has closed its fifth special opportunities fund at $111 million, beating its $100 million target.

UK-based private equity firm ArchiMed has closed its third smallcap healthcare fund at a hard cap of 650 million euros.

Cormorant Asset Management has raised nearly $253 million for its fourth healthcare fund, according to an SEC filing.

The fund is one of several first-timers in the market pushing for LP capital at a time when investors are keen to boost exposure to the asset class, including forming new relationships.

The alternatives giant expects to have a 'fully ramped up retail distribution business' in place for the launch of its next private equity flagship, it disclosed on Wednesday.

KKR's fundraising has 'exceeded expectations' and is on track to beat the firm's two-year target of at least $100bn, said CFO Robert Lewin.

Late-stage investors want to secure their seats at high growth companies earlier, according to Elisabeth Lind of Cambridge Associates.

Details of COO David Breach's appointment to the role were disclosed in a letter to investors seen by Private Equity International.