Fundraising

RedBird, best known in the market for its deals in the sports, leisure and hospitality sector, is currently negotiating the purchase of an 85% stake in French soccer club Toulouse.

The target for Fund X is €1.5bn more than the amount it sought for its 2018-vintage predecessor.

The German fund of funds manager gathered $150m more than its original target for Fund VIII.

Ardian raised the largest-ever secondaries programme at $19bn and Francisco Partners hauled in close to $9bn across two PE funds.

Kimmeridge's Dell said the activist fund is an extension of the firm's PE strategy, which focuses on acquiring low-cost oil and gas assets and managing them efficiently – with ESG criteria in mind.

The investment manager is in market with eight funds including a dedicated Asia fund, a 2020 global fund and its third venture vehicle.

Nexus Capital Management is one of several high-profile emerging managers that are braving the coronavirus-wrecked markets to seek capital from nervous limited partners.

Knox Lane, which invests in mid-market consumer and services businesses, was founded late last year by TPG Growth alumni John Bailey and Shamik Patel.

The firm had been in early discussions with existing LPs about a smaller Archer Capital Fund 6 and will focus solely on its current portfolio.

GPs are seeking fund term amendment requests to either add the ability to use fund-level leverage in general, or to expand their ability to put debt on the fund.