Fundraising

Centre Partners’ capital raising might get a lift from the initial performance of Fund VIII, which as of March was earning a 54.8% net IRR, according to pension documents.

Leonard Green launched Sage Equity Investors last year with a target of $1.5bn.

The fund was raised in a single closing and completed less than five months after launch.

PPC’s previous fund closed at $2.7 billion in 2021.

Periscope Equity III’s LPs include university endowments, pension funds, charitable foundations, consultants, funds-of-funds and family offices.

The firm's Keystone strategy provides bespoke offerings to alternatives managers at the management company, fund and asset level.

'We are strong believers that AI will continue to increase the already large investment opportunity in B2B software companies,' JMI managing partner Peter Arrowsmith told Buyouts.

Audax Private Equity Solutions Fund’s LPs included public and private pensions, consultants, funds of funds, insurance companies, asset and wealth managers, banking institutions, and high-net-worth investors and family offices.

Launched earlier this year, FR Evolution II is expected to hold a first close later this month, sources familiar with the fundraising told Buyouts, and wrap up sometime in 2026.

JMI Equity Fund XII closed approximately four months after its launch in March.