Fundraising

Fund V is continuing Adenia's investment strategy of investing in medium-sized companies in Africa.

ICG LP Secondaries I specializes in acquiring buyout fund interests from limited partners.

Fund II's limited partners include pension funds, retirement systems, endowments, insurance companies, family offices and global wealth platforms.

Warren was a 'first mover' in its space, managing partner Steven Wacaster said, targeting thematic opportunities in businesses that maintain, operate and upgrade infrastructure.

International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds.

The previous fund closed at $675 million.

During fundraising, exits involving GroundWorks and Chauvet generated a 4.9x gross multiple and a 6.5x gross multiple, respectively, Cortec co-president Dave Schnadig told Buyouts.

CIP VI's limited partners include foundations, insurance companies, pension funds, asset managers, consultants and family offices.

Rolled out late last year, Fund VIII is set to be 31% larger than its predecessor, closed in 2020 at $535m, ahead of a $425m target.

The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.