Mid-market

The fund's LPs include Todd Boehly-led holding company Eldridge and Finback Investment Partners, a private equity firm chaired by ex-Florida governor Jeb Bush.

Performance may give Greenbriar an edge in a difficult fundraising environment. Fund V was as of March earning an 84% gross IRR, while Fund IV was earning a 76.3% percent gross IRR.

Rising rates – reinforced this week by the Federal Reserve’s vow to continue battling inflation – are motivating LPs to explore asset classes which provide some measure of refuge. One of the beneficiaries appears to be private debt.

Digging into long-term transformative trends is key when trying to find future market leaders.

Led by managing partner Ted Yun and founding partner Kurt Larsen, NexPhase spun out of Moelis in 2016 and closed its debut fund two years later.

Antares’ Fund II is the latest of several new direct lending products to hit the market, all seemingly aimed at growing LP demand for private credit in a rising-rate environment.

If it reaches its $2.1bn cap, Fund VI will easily be EagleTree’s largest vehicle to date, almost twice the size of its predecessor, closed two years ago.

HighPost was established in 2019 by David Moross, a veteran of PE investing in the consumer sector, and Mark Bezos, brother of Amazon founder Jeff Bezos and a former consumer brand developer.

Fund VI has so far secured $2.65bn, suggesting Oak Hill has already made considerable progress in what is viewed as a tough fundraising environment.

Fund IV provides 'fresh capital to invest' as economic uncertainty and volatility begin to ripple through the deal market, creating an 'opportunity of a lifetime,' CEO Lawson said.