Mid-market

With the onset of covid-19, AE Industrial has been fielding more inquiries about its structured credit offering, mostly from aviation companies, sources told Buyouts.

Cornell Capital Partners II, which has not yet secured commitments, comes less than two years after the close of the firm’s inaugural multi-asset buyout fund at $1.3 billion-plus.

"Customers are scaling back on tech spending for the first time in a long time. The effects are diverse and tech companies will be impacted differently," Bain Capital's Darren Abrahamson said.

Monogram Capital Partners II's launch comes as the fundraising market is being battered by the covid-19 pandemic, creating fresh challenges for first- and second-time vehicles.

Riverwood’s fundraising milestone follows an expansion of the firm's partners to eight with the January promotions of Harish Belur, Joaquim Lima and Scott Ransenberg.

Investors backed American Pacific Group’s first offering, founder and managing partner Fraser Preston said, because of its niche focus on lower mid-market companies “the market has passed over.”

OpenGate's earliest transactions were done at the height the financial crisis, “the best university anyone could ever go through,” founder and CEO Andrew Nikou told Buyouts.

Seidler Equity Partners VII’s swift close owes mostly to re-up commitments by existing institutional investors, many of them long-time backers of Seidler pools.

If Gryphon Partners VI meets its $2.7 billion goal, it will be the largest fund in the San Francisco private equity firm’s 25-year history.

The fund is expected to hold to Lindsay Goldberg's strategy of investing in North American and European mid-market companies in business, financial and government services, consumer, healthcare and industrials sectors.