Fundraising

Fund VI, which is in demand, is heading for a one-and-done close in July.

Nik Shah, a former H.I.G. executive, launched the firm last year alongside fellow H.I.G. alumni Daniel Gedney.

Hamilton Lane said it leveraged its size with the manager to negotiate even more attractive fees for its clients.

Bruce Flatt, CEO of Brookfield Asset Management, said the three-to-five-year outlook for its credit partner Oaktree Capital is “much better today than it looked eighteen months ago.”

The mid-market firm has wrapped up fundraising for its eighth flagship fund, gathering more than €1bn in commitments.

The firm attracted several sizable commitments from larger LPs despite the disruption of the coronavirus pandemic.

Clearlake Capital Group gathered more than $7bn for its sixth flagship fund and CVC Capital Partners raised $4.5bn for its fifth Asia-dedicated fund.

Investors rushed to participate in the country’s digital revolution but, as the market matures, diminishing returns and an increasingly saturated customer base have curbed appetites.

Brookfield's private equity, real estate and other platforms will share oversight of the retail initiative, which will make non-control investments in merchants with pre-pandemic revenue of $250m or more.

The firm raised $1bn more than its original $2bn target and could go as high as $3.5bn, partner Scott Graves said.