Fundraising

Strategic Value Partners has closed its fifth special situations fund at a hard cap of $5 billion, beating its $4 billion target.

MSA received a fundraising boost last year with the appointment Chris Lerner, former head of Asia at placement agent Eaton Partners, as a managing partner.

The buyer would join Singapore's GIC and the Kuwait Investment Authority which acquired part of a 10% stake in the buyout stalwart in 2012.

The $32bn Blackstone Tactical Opportunities was founded in 2011 by veterans of the firm, led by global head David Blitzer and COO Chris James.

Kline Hill is joining other secondary firms like Strategic Partners and TPG in breaking out GP-led deals from the flagship fund.

Black Bay Energy Capital has raised nearly $62 million for its second fund, according to an SEC filing.

The firm brought in $10.4bn during the second quarter, more than double the amount it raised in Q2 2020.

Hughes & Company has closed its maiden private equity firm at $116 million, beating its $100 million target.

Weymouth, a Riverstone partner for 10 years, established Grafine in 2019 with a highly innovative strategy of both investing in GP teams and facilitating direct deals for LPs.

North American PE firms raised more capital in H1 2021 than in any other first-half period since the financial crisis.