Fundraising

Fund I’s LPs include endowments, insurance companies, fund-of-funds, asset managers, family offices, founders, and executives across North America.

In a tough fundraising market in which GPs are spending record amounts of time on the road, New State Capital Partners Fund IV wrapped up in less than six months.

NHIP IV will target investments in transportation infrastructure, digital infrastructure, energy transition, and utilities.

With the closing of Fund 2, bd-capital’s assets under management have increased to over €800 million.

The €430m vehicle is 'the Fund 1 that we wanted to have had covid not happened', managing partner Richard Baker tells PEI.

While first-time and emerging manager fundraising has dropped, LPs say they remain interested in backing new managers, especially as some of their long-term partners in the mid-market struggle to raise new money.

Capitala invests in lower mid-market companies.

Pamlico Capital VI’s limited partners include endowments, foundations, insurance companies, family offices, pension plans, and other institutional investors.

As GPs ramp up their efforts globally to raise capital from insurance firms, Asia presents particular challenges in this regard.

Asset managers wanting to raise more capital from insurers in Asia need to raise their game, say insurance executives, as the region presents particular hurdles.