Fundraising

Investors who rushed to join the country’s digital revolution are facing issues pre-dating the pandemic that could spell the end of private equity’s golden age.

While a coronavirus-driven down-cycle is unlikely to shut down fundraising for viable GPs with first-time offerings, it has multiplied their challenges.

Over the past few years, the firm repositioned its distressed investing and private equity teams closer together in preparation for market dislocation.

The mega-firm’s private equity portfolio was down 12% in the first quarter, with fundraising plans roughly on track.

Take part in our fourth annual Emerging Manager Report, published by Buyouts in partnership with Gen II Fund Services, and get a complimentary copy once it's published.

For fundraisers not every mandate is worth taking; their reputation – and resource – is often at stake.

Cornell Capital Partners II, which has not yet secured commitments, comes less than two years after the close of the firm’s inaugural multi-asset buyout fund at $1.3 billion-plus.

Substantial minority capital on the balance sheet lends financial capabilities to managers second only to those afforded to “the largest public guys,” Dyal Capital Partners head Michael Rees told Buyouts.

The operationally focused firm is closing in on the $13bn target for its latest flagship during a tough fundraising environment.

The fundraisers turning investors’ heads and attracting capital commitments.