Fundraising

As the gap in exit valuations looks unlikely to narrow any time soon, some GPs may have to sell at a discount to begin to re-enter the fundraising space.

While acknowledging the volatility created by tariffs, KKR’s early view is there will be 'no changes to our targets' guided by 'continued conviction in our fundraising outlook,' CFO Rob Lewin said in a Q1 earnings call.

The firm had previously been expecting to hit Fund VI’s $13bn target by end-2025.

Based in Palm Beach, Florida, Arbor invests in the food and beverage industry.

Fund I’s limited partners include pensions, insurance companies, financial institutions, foundations, funds-of-funds, and family offices.

StepStone Tactical Growth Fund IV’s limited partners include sovereign wealth funds, public pensions, superannuation funds, funds-of-funds, family offices, and private wealth platforms.

Some LPs tell PEI they are more cautious of US private equity in the near term, with European markets to be potential beneficiaries this year.

LLR’s previous fund closed in October 2020 at $1.8 billion.

The capital pool for independent sponsors has grown over the years with several firms today reserving capital specifically to invest alongside dealmakers on individual transactions.