Fundraising

The fund was launched in November and already has commitments from pension systems in Virginia and Ohio.

The Europe-focused buyout firm has reduced capital raising targets since 2009, when it shifted focus to smaller mid-market companies in the region.

Brightstar recently recruited 10 new employees, including two managing directors and a principal, increasing the team’s size to more than 40.

The firm's multi-strategy fund is the latest example of managers seeking to expand access to private markets for individual investors.

The firm's deal pipeline is stacked as the market dislocation motivates business owners to look for ways to cash out and to find ways to grow and digitize business practices.

Competing sources of capital and a strategy yet to be untested during a downturn pose challenges for long-hold fundraisings.

US local governments are today facing a fiscal crunch due to the health crisis, generating dislocation opportunities for specialist investors like Fundamental.

Institutional Investment Partners Denmark plans to add third-party capital to its $10bn AUM in the first quarter via separately managed accounts.

HGGC Fund IV has already made four platform investments, a source told Buyouts, three of them announced in December.

BlackRock is reportedly stepping down capital-raising efforts for its long-term capital fund, a strategy that has raised nearly $50bn from LPs in the last five years.