Fundraising

Senior editors from across PEI Media’s titles discuss what they’ll have their eyes on in the coming months, from taxes and SEC oversight to the possibility of the industry being thrown into the public spotlight.

The firm held a final close on Cathay Innovation Fund II on €650m last month, more than doubling the firepower of its 2016-vintage Fund I, founder MingPo Cai tells PEI.

Energy Capital Partners "might be in a position to launch Fund V in the second half of 2021,” founder and senior partner Doug Kimmelman told Buyouts.

The bank is reducing the stress capital intensity of its businesses by selling balance sheet private equity investments, chief executive David Solomon said on the firm's earnings call.

Our interactive presentation breaks down private equity capital raising by strategy, geography, manager and more, and includes a list of the biggest funds in market as of January 2021.

Drivers of 2020 fundraising – remote marketing, an LP preference for incumbents and hot strategies like secondaries and tech – are likely to also feature prominently in this year's market.

Chris Lerner joined MSA Capital in October after nearly a decade at Eaton Partners, where he led the origination and execution of fundraises, secondaries and strategic advisory.

Capital raising by private equity funds surpassed $500bn in 2020, the third-highest fundraising total since 2015, amid challenges posed by the pandemic.

The haul for Fund VI comes as firms raised more than $500bn of capital in final closes last year.

NB Strategic Co-Investment Partners IV wrapped up above its $2 billion target, making it the largest fund raised under Neuberger Berman’s 16-year program.