Fundraising

Northleaf Growth Fund targets growth-stage companies in North America across the technology and healthcare sectors.

The firm's latest and largest fund will have diversity targets for portfolio company leadership teams, according to partner Nnennia Ejebe.

Riverside Acceleration Capital Opportunity Fund II will back B2B software companies.

As a result of this fundraising, Coalesce now has about $1 billion in regulatory assets under management.

Earlier this year, Sycamore took over Chico’s FAS in a $1bn deal, which the firm planned to merge into its KnitWell Group platform that includes other brands like Ann Taylor and Talbots.

A total of $559bn was raised by buyout, growth equity, secondaries, venture capital and other funds last year, down 9% from the $611bn secured in 2022. Fund closings dropped more significantly, down 17%.

The fund's limited partners include endowments, foundations, pensions, insurers, fund of funds, family offices, and 3BC professionals.

Fund VII's limited partners include insurance companies, pension funds, endowments, foundations, consultants, funds of funds, and family offices.

Private equity fundraising fell for the second year in a row last year, with the number of funds closed almost matching the number seen in 2017.

Technological developments in the real estate space mirror the progress being made in the democratisation of private equity, writes Kyle Hagerty.