Fundraising

Turn/River in September announced a major agreement to sell Redwood Software, an automation fabric solutions provider, to Vista Equity Partners and Warburg Pincus.

As a result of this fundraising, JFLCO now has $7 billion total assets under management as of November 30, 2024.

The firm is among many in the middle market making changes as a result of the tough fundraising environment.

Fund III will target financial services companies that have between $7 million and $75 million in recurring revenue.

Private equity had a quiet ride in 2024, with longer fundraising timelines hampering activity.

Along with targeting a larger fund size, Novacap aims to wrap up the new flagship in a single closing in the first quarter of next year, according to pension documents.

VCP Fund I's LPs include institutional investors, former investment colleagues, and founders and CEOs from prior investment partnerships.

Last week, Investcorp Strategic Capital Group announced it had joined Ownership Works, making it the shared ownership organization's first GP staking partner.

After another busy year in the secondaries market, demand for capital solutions shows no signs of abating as both GPs and LPs navigate a shifting market backdrop.

The head of private equity primaries for the US firm’s External Investing Group talks about the implications of longer fundraises and why LPs are delaying commitments to GPs.