Fundraising

The fundraising total includes $460 million in LP commitments and a $180 million GP commitment.

CEO Jeffry Brown, a former Dyal Capital Partners principal, expects to see bolt-on strategies in use over the next five years, especially as mid-market firms increasingly transact with GP stakes funds.

The firm saw ‘renewed momentum’ on the deal side in the third quarter, and more than $15bn of inflows across asset classes, including $2.3bn for Blackstone Growth.

Lightsmith, formed by ex-Siguler Guff executive Jay Koh, pursues growth investments in businesses taking on the challenges created by climate change.

Ascend was founded in 2019 by In Seon Hwang, formerly global head of healthcare at Warburg Pincus, and Richard Park, ex-CEO of Warburg portfolio company CityMD.

The firm expects a final close in early 2021.

Blackstone Core Equity Partners II is the largest long-term private equity vehicle ever raised, in an increasingly competitive market.

The tech investment giant said Monday it had held final closes across three vehicles, including for its flagship Thoma Bravo Fund XIV.

US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds collected $200bn at the end of September, down 25% from the same time last year.

Private equity deals in Myanmar are rising but Delta Capital still encounters some business owners that need convincing about the strategy.