Mid-market

“It’s a great time to have capital,” managing partner Tom Barnds told Buyouts. “It puts us on the front foot of supporting existing businesses and going after new platforms.”

Over its lifetime, Windjammer underwent a major change in its strategy, beginning as a junior capital solutions provider and then transitioning in 2006 to mid-market buyouts.

Fund I wrapped up above an original hardcap on March 8, International Women’s Day. “It was very meaningful for me to choose March 8 as our close date,” Vertu founder and managing partner Lisa Melchior said.

Along with expanding its geographic coverage, One Rock is adding to its family of funds. Together with the launch of the latest flagship, it unveiled the $650m One Rock Emerald Fund.

Confidence about ONCAP V achieving a final close in 2023 owes to the platform’s “formidable track record,” president Bobby Le Blanc said.

Fund III is managed by BCP Credit, a New York private debt shop launched by BC Partners in 2017 with the hire of former Apollo executive Ted Goldthorpe.

The new vehicle comes almost two years after the closing of Fund X at $10.2bn, above an original target of $8bn.

The firm's experience with GSP 4.0, raised in six months, differs sharply from that of many GPs who are today compelled to keep their funds open longer due to cash-poor or overallocated LPs.

In a statement issued this week, the firm said it had secured nearly two-thirds of PCM Fund II's target in a first closing.

At $3.3bn, Fund VII would be the largest pool in Levine Leichtman’s nearly four-decade history. It would be 32% larger than Fund VI, closed in 2019 at $2.5bn.