Private Equity

Fundraising

Most negotiated term: GP desire for clawbacks on carry waivers

Some GPs have asked for provisions in fund contracts that would allow them to claw back those waived fees at the end of the fund life in case they don’t make up the fees in subsequent exits.

3 min read · 14 February 2020

Ares targets $2bn for revamped direct lending fund

The Pathfinder fund will have an "expanded mandate and opportunity set" from its predecessors, according to Utah trust fund documents.

3 min read · 13 February 2020

Who were January's biggest capital raisers?

Private equity fundraising for the year has kicked off with a bang with at least $41.9bn in final closes already, PEI data show.

2 min read · 13 February 2020

EagleTree’s Fund V closes at $1.1bn with help of Carlyle’s AlpInvest, other investors

Structured financing and minority investments from four firms, including AlpInvest Partners, helped make EagleTree Capital the largest investor in Fund V.

2 min read · 12 February 2020

SoftBank ponders ‘bridge’ fund to regain LP confidence, says Masayoshi Son

The Japanese tech conglomerate has preemptively spent $1.7bn from new vehicles established to hold assets that are expected to be treated as the initial investments of Vision Fund 2.

2 min read · 12 February 2020

HIG Capital spinout part of 2020’s new crop of emerging managers

American Pacific Group, founded by Fraser Preston, formerly an HIG managing director, will mostly acquire lower mid-market companies in software and tech.

3 min read · 11 February 2020

GI Partners nears target, eyes cap on debut digital infrastructure fund

In November, Washington State Investment Board committed $175m to the fund, with an additional $75m of co-investment capital.

2 min read · 10 February 2020

EIV closes in on $750m goal for fourth midstream energy fund

The Houston private equity firm set a target of $525m and a hard cap of $600m for Fund IV, with a sidecar pool that is offering $150m.

2 min read · 07 February 2020

Energy PE fundraising at an ebb in 2019 as LPs rethink allocations

Some LPs are planning to reduce exposure to oil-and-gas funds due to climate change considerations, however, a bigger fundraising challenge in the near term is limited paybacks on existing investments.

5 min read · 07 February 2020

Three questions for the Baltic states’ largest fund

INVL Asset Management held a €165m final close on its latest fund and will back up to 10 companies in the Baltics, Scandinavia and Central Europe.

3 min read · 07 February 2020

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