Mid-market

'In today’s environment, as prices continue to go up, our emphasis will be on keeping our head down and investing heavily in capabilities to create our own deal opportunities,' Sperling told Buyouts.

Investcorp’s Strategic Capital Group, launched in 2019, is led by Anthony Maniscalco, formerly co-head of Anteil Capital Partners, Credit Suisse’s GP stakes business.

The Glass Lewis deal helped put PCM on the map. “You don’t often have the opportunity to acquire a global brand, especially the number-two player in a two-player market,” managing partner Faraone said.

Avesi, which is marketing a debut fund, will make control investments in lower mid-market companies in healthcare services, healthcare tech and business services sectors.

Leeds Illuminate appears to expand the strategy of Leeds Equity, a control investor in mid-market companies in education, training, information services and other knowledge sectors.

Imperial makes control investments in lower-mid-market companies in healthcare and business and consumer services sectors across North America.

Fund VIII has already made six platform investments, sources said, adding to some 150 companies backed by Madison Dearborn since inception.

Excellere, today led by managing partners Brad Cornell, Ryan Glaws, Matthew Hicks and Patrick O’Keefe, will concentrate Fund IV investments in the healthcare sector.

Tenex’s origins stretch back to 1999, when CEO Michael Green launched a fund to invest in underperforming mid-market businesses. It was later acquired by Cerberus.

Bronner’s hire perhaps signals Palladium’s interest in launching a sixth flagship offering. The New York firm declined to comment.