Fundraising

BlackRock joins the likes of TPG, Bain Capital, KKR, Blackstone, Apollo, Morgan Stanley and Hamilton Lane in creating a dedicated impact vehicle.

Fund II has so far collected $3.2bn, including $800m between January and March, Apollo reported in its Q1 2021 results.

The firm's No. 2, Gabriel de Alba, is in the process of launching a separate fund that will retain some connection to Catalyst.

Aria Growth Partners is seeking to raise $150 million for its new fund, according to an SEC filing.

GI Partners has closed its sixth fund at $3.9 billion, beating its $3.25 billion target.

The latest vehicle is more than double the size of its predecessor, which raised €975m in 2019.

Emerging managers like OpenGate are seeking reception with limited partners, who generally have been happy to stick with their established relationships in the uncertain markets.

The firm continued fundraising through the pandemic lockdown and was able to attract capital from some existing relationships that Guidepost partners had at their former firm, North Bridge.

Private equity firms believe they're well-positioned to navigate a rise in costs and interest rates, as our report found this week.