Fundraising

Avance’s first fund hit the market in 2020 just as society shut down in the health crisis, completely changing the way private equity firms had to approach prospective investors.

In the third quarter alone, inflows totaled $120bn, marking a drop of 37% from Q3 2023 and 26% from Q2 2024.

Investors include high-net-worth individuals, family offices and registered investment advisers.

For Thoma Bravo and other technology-focused private equity managers, a key source of liquidity today is more active strategic buyers.

Gallant Capital Partners Fund II's LPs include existing investors and new global institutional investors.

The fund's LPs include pension plans, endowments and foundations, family offices, institutional consultants, asset management firms and insurance companies.

Alpinvest was the lead investor.

Prospect Partners Fund V's limited partners include endowments and foundations, family offices, wealth managers, and fund of funds across the US.

The fund's investors include institutions in Europe, Japan and North America.

The $865m fund will be invested by a new growth team led by former TCV general partner Shalini Rao and including alumni of Bessemer Venture Partners, EQT Group, Insight Partners and Bond.