Mid-market

Fund VI was “very significantly oversubscribed,” president and CEO Pascal Tremblay told Buyouts, with Novacap “more than doubling” the size of its investor base.

Fund III appears to be the first offering launched since the 2020 succession, which saw founders Arthur Levine and Lauren Leichtman step back from daily operations.

SER was last year active as a deal-by-deal investor, acquiring Microgrid Networks and three project companies from HGP Storage.

Fund IV is the largest fund in Gridiron's 15-year history, exceeding by 59 percent the $850 million collected four years ago by Fund III.

Sagard launched its credit strategy in 2017 under the leadership of managing partner and CIO Adam Vigna, ex-head of CPPIB’s global principal credit investments.

LongRange will target mid-market businesses in North America and Europe, typically with revenue of $200m-plus and enterprise values of $250m to $5bn.

Newbury Partners is marketing a fifth secondaries offering with a target of $1.75 billion and a hard cap of $2 billion, Buyouts reported last November.

L Catterton will stay on the fundraising trail to give limited partners time to complete allocations, a source told Buyouts. The offering is expected to close in early 2021.

Brightstar in September announced Fund II’s debut deal, the acquisition of a majority stake in SoftBank's mobile device services business Brightstar Corp.

Buyouts last year reported Bain Capital Tech Opportunities Fund is targeting $1 billion, with Bain kicking in an additional $100 million.