Fundraising

Valor Equity Partners V is expected to maintain the Chicago-based private equity firm's 18-year strategy. If the fund meets its $1.25 billion goal, it will be Valor's largest to date.

Brookfield's $9bn haul for its fifth flagship fund and KKR's €5.8bn for its fifth Europe buyout fund are among the largest funds closed during the month.

As part of resolving the pending key-person issue, Blackstone also provided a 10 percent management fee discount during the investment period

Brightstar is expected to have raised about $675 million by year end

Year to date, new managers have raised a combined $47.1 billion

Dyal Capital Partners IV, the largest GP stakes fund to date, has already deployed 64% of its capital.

Persistence Capital Partners Fund III, which is targeting C$225 million ($170 million), is expected to wrap up in the first half of 2020, a source said. Initial fund commitments came from a range of limited partners, including both new and returning Canadian institutions.

The mid-market firm closed its debut fund on A$600m in June last year.

JLL Partners has collected more than $686 million for its eighth flagship buyout fund, according to a Form D fundraising document. The amount raised, which reflects commitments from 53 limited partners, accounts for 55 percent of the $1.25 billion target set for JLL Partners Fund VIII.