Fundraising

Fundraising went well for Blackstone, which managed to raise $27 billion in the first quarter, with $12 billion of that in March during the intense market decline.

The firm received net inflows of $27bn, including almost $5bn in the last two weeks of March for its latest core private equity fund, according to its earnings announcement Thursday.

Sterling Group, of Houston, is targeting $2 billion for Fund V, which would make it the firm’s biggest pool yet.

The health crisis has drawn more attention to food production and security issues, renewing a focus on farmland investing, Area One Farms CEO Joelle Faulkner said.

York completed one deal so far from Fund III, acquiring The Good Feet Store, which makes and sells personalized arch support and related products.

The pension in question committed €50m to CVC's new flagship, but one official questioned the widespread practice of raising funds early and putting them on the shelf while they deploy the prior pool.

The pension in question committed 50m euros to CVC's new flagship, but one official questioned the widespread practice of raising funds early and putting them on the shelf while they deploy the prior pool.

Intriva Capital has held a first close on its sophomore fund which will target small to mid-market companies experiencing distress.

The fundraising haul so far is another example of a brand name firm continuing to attract capital even as private market fundraising generally slows in the downturn.

Q1 2020 reflected strong fundraising activity in illiquid alternatives, with the firm gathering about $7bn across its secondaries and infrastructure funds.