Fundraising

First-time fundraising is harder than ever. The first-timers who are attracting capital tend to be those who managed to build up LP relationships, and track records, while at bigger shops.

Rise Fund II is already larger than its predecessor, which closed in 2017 at $2.1bn, becoming one of the world’s largest dedicated pools for impact investing.

Arcline is part of a small group of newish managers braving the slow fundraising markets to raise new funds.

While many larger-cap PE firms have already sold stakes, mid-market private equity is ripe with opportunity.

Brightstar in September announced Fund II’s debut deal, the acquisition of a majority stake in SoftBank's mobile device services business Brightstar Corp.

The firm is one of a group of established managers hitting the pandemic-scarred markets that is expected to have a fairly smooth path to final close.

Apollo's Scott Kleinman says the asset class is likely here to stay, and does not conflict with his firm's private equity program.

Private equity fundraising reached $348.5bn in the year to the end of September, on par with previous periods, through a much lower number of funds.

Buyouts last year reported Bain Capital Tech Opportunities Fund is targeting $1 billion, with Bain kicking in an additional $100 million.

After a quiet start to the year in private debt fundraising, dislocation strategies have burst on to the scene with their promise of high returns amid the covid-19 turmoil. But without the resources to do proper due diligence, have investors had their heads turned?