Fundraising

LPs lean toward re-ups with GPs, leaving some emerging managers out in the cold.

LPs keep emotion out of the picture as they evaluate opportunities and potential riptides in a volatile market.

The firm has the option to go higher than the $4bn target set for Blackstone Strategic Capital Holdings II, a source told Buyouts.

So far, the fund has attracted big commitments from Kentucky Retirement Systems and New York State Teachers' Retirement System.

The firm is back in market with a follow-up to its hybrid value fund and is on track to hit its $20bn fundraising goal for the year, co-founder Josh Harris said on its latest earnings call.

The fair value of Carlyle's private equity portfolio climbed 13% in the second quarter, and co-chief executive Kewsong Lee says there's more to be done in terms of recovery.

The firm has brought in about $12.4bn of inflows so far this year, which Carlyle officials described as strong especially in the absence of a major flagship fund on the market.

The London-based mid-market firm gathered €4bn in less than three months for its largest vehicle yet.

The firm hired a new managing director and promoted another to run the opportunistic strategy, which will focus on what one source called 'companies that just haven’t gone quite right.'

US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds raised a total of $162bn in the first half, up 8% from a year earlier.