Fundraising

Fund X closed this month ahead of a $1.2bn target, making it the largest flagship vehicle in the Seattle private equity firm’s 30-year history.

Appetite for exposure to assets via co-investments and single-asset secondaries defied the pandemic last year.

Emerging managers like Butterfly are seeing renewed interest from limited partners who spent much of last year re-upping their existing relationships in the pandemic.

The firm now plans to consolidate its two different fund series and is targeting $3bn in total commitments for Fund VII.

Fund X quickly raised the bulk of its capital from existing investors, but stayed open for last-minute commitments.

The firm is aiming to grow its Opportunity Fund to $300m by the end of this year.

Rajpa,l a 20-year Goldman Sachs veteran, set up GrowthCurve in December to make control investments in businesses in financial and information services, healthcare and tech sectors.

The firm announced earlier this month it hired Bobby Bassman and Ravi Sarin as co-heads of AEA Growth.

Blue Owl's co-president speaks to Buyouts about the new firm's growth plans, the upshot of legal efforts to stop the Dyal-Owl Rock merger and Fund V's progress.

Insignia’s inaugural fund, closed in 2016 at $358m, was anchored by Los Angeles County Employees’ Retirement Association.