Mid-market

Clairvest is one of a few private equity shops raising capital quickly at a moment when many GPs are forced to extend timelines due to tough supply conditions.

The firm’s success owes in large part to a consensus-based management style, says managing partner John Maldonado.

The mid-market, which will remain challenging, could see more flow from LPs shying away from the largest firms. It is a time of signs, portents and structural change.

Fund XI is already the largest capital pool in BV’s history, surpassing by 33% its predecessor, wrapped up in 2020 at $1.1bn.

Relatively strong marks are pushing portfolios out of balance and forcing a discussion about why PE isn’t experiencing the kind of pain seen in the broader economy.

The lower middle-market manager invests in a wide array of consumer, services, distribution and niche manufacturing companies – including three geared toward DIY car enthusiasts.

KKR Ascendant Fund is likely one of several new adjacencies the firm has created to capture deal flow in niche and smaller spaces no longer suitable to its ever-growing flagship strategy.

GDA Luma is the brainchild of Gabriel de Alba, who for more than 25 years has been a control/influence investor in complex, distressed and special situations deals, including as a partner with Catalyst Capital.

What makes Fund VIII’s experience unique is the rocky market backdrop. Because of tight LP supply, GPs took an average of 11.2 months to close funds in 2022, the longest timeline in more than a decade.

Francisco Partners founded – yes, founded – a specialty pharmacist to solve a problem with no existing cure at the time.