Fundraising

Headlands loses partner amid slow fundraising

Francois Joly, a partner at Headlands Capital Management, left the firm late last year and joined the Qatar Abu Dhabi Investment Corp as a director in funds and secondaries.

Littlejohn & Co collects $1.6 bln for Fund V

Littlejohn & Company has collected $1.6 billion for its fifth fund, beating its $1.5 billion target, according to a person with knowledge of the fundraising.

La Caisse to boost emerging market exposure

La Caisse de dépôt et placement du Québec is ramping up its emerging markets investment focus across asset classes including private equity after taking a hiatus for several years, according to Rashad Kaldany, executive vice-president in emerging markets at the institution.

Advent targets $2 bln for Latin America Fund VI in crowded market

Advent International is set this month to launch its sixth Latin American investment vehicle with a $2 billion target, sources said.

GPs build alignment through ‘aggressive’ terms like 0% management fees

It’s an LP world; GPs just live in it. Some GPs—especially new shops that are raising debut funds—are offering zero percent management fees with 20 to 30 percent rates of carried interest, according to Prakash Mehta, partner and co-head of the investment management practices at the law firm Akin Gump Strauss Hauer & Feld.

Quantum Energy targeting $2.5 bln for Fund VI

Quantum Energy Partners is back in the market targeting $2.5 billion for its sixth energy-focused private equity fund, according to two people who have heard the firm’s fundraising pitch.

LP Gigliotti to retire as private markets head at DuPont Capital

Long-time limited partner Carmen Gigliotti, managing director of the private markets group at DuPont Capital Management, is stepping down from his role this summer but will remain active on the investment committee.

Ardian's Verbrugghe: 'You have to demonstrate you will be able to deliver'

Earlier this month, Ardian (the former AXA Private Equity) revealed it was the buyer in one of the biggest private equity secondary deals of the year—acquiring a private equity portfolio valued at about $1.3 billion from GE Capital.

Carlyle builds sales muscle in FoF group

The Carlyle Group has hired Curtis Johnson as a managing director in the firm’s Solutions Group, which houses fund-of-funds operations in private equity, real estate and hedge funds.

Blackstone-backed Patria chases $1.5 bln for Fund V

Patria Investimentos, backed by The Blackstone Group, is aiming for a first close on its fifth private equity fund this month as fundraising for Brazilian private equity is expected to heat up, according to two people with knowledge of the fundraising.