Fundraising

Firm targets portfolio companies primarily in the South and Midwest, where leaders of smaller businesses tend to focus more on long-term partnership and 'thoughtful stewardship,' managing partner tells Buyouts.

The vehicle could allow the firm to double down on its early-stage AI bets such as 'vibe coding' start-up Lovable.

Here are the issues PEI’s editorial team expect will make headlines in the private equity industry in the new year.

Fund VII’s investors include over 70 limited partners in the US, Canada, UK, Germany, Switzerland, and Korea.

Ex-Blackstone dealmaker Mustafa Siddiqui’s firm, launched in January, closed its first CV with K1 Investment Management and has since made three more investments, affiliate title Secondaries Investor understands.

The inaugural fund’s LPs include asset managers, pensions, foundations, family offices, insurance companies, and endowments.

Its predecessor closed on $4bn in 2022 and remains Accel's largest fundraise to date.

The firm's previous effort closed on $5.75bn in July 2024 with support from big pension funds such as New York State Common Retirement Fund, State Teachers Retirement System of Ohio and San Diego City Employees' Retirement System.

The participation of StepStone after the first close helped propel the fundraise to a successful end, IGP founder tells Buyouts.

CVs continue private equity's history of innovation and evolution and will likely become part of the asset class's long term set of options for exits, co-managing partners Jeff Rhodes told Buyouts.