Fundraising

The firm's lower mid-market strategy has already gained interest from some major LPs.

The private equity giant collected $95bn across all strategies last year, according to its earnings results on Wednesday.

SER was last year active as a deal-by-deal investor, acquiring Microgrid Networks and three project companies from HGP Storage.

Rotunda Capital was formed by executives from Allied Capital in 2009, after the devastating effects of the global financial crisis weighed on markets.

The firm gathered €14.6bn by year-end for its ninth flagship and expects to hold the first close on its debut growth vehicle this year.

The firm focuses exclusively on software companies, a sector seeing very positive headwinds amid the covid crisis.

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Hellman & Friedman has the ability to raise capital without much of a challenge, and the pandemic-stricken markets have only stoked LP desire to place money with established GPs.

The fund was launched last November, and has already attracted a commitment from Texas Teachers, among others.

LP appetite for Russian private equity has been uncertain since the 2019 arrest of Baring Vostok founder Michael Calvey and several colleagues.