PEI Group Data

Rise Climate Fund II is more than halfway to reaching its $8bn target, raising nearly $4.7bn as of the end of December, TPG reported in its year-end earnings.

Rob Wolfson's new firm is expected to have a fund in the market this year, though the target is unclear.

The French firm predicts the number of firms investing in global private markets to narrow to 10 big players, and aims to be one of them, according to co-founder Antoine Flamarion.

Germany, Austria and Switzerland, dependable as a group, are not immune to global fundraising woes.

The firm signed 14 realisations last year and invested €4bn across funds, co-managing partners Supraj Rajagopalan, Bruno Schick and Jorge Quemada tell PEI.

If the target is met, the new fund will be the biggest yet raised by Strategic Value Partners. It will be 30% larger than Fund V, closed in 2021 at $5bn.

The strategy will include raising a separate fund from New Mountain’s flagship vehicle, sources tell Buyouts.

Overall growth in allocations is significant considering that many LPs have been overallocated to private equity during the slowdown.

Riverside Value was created in 2019 to invest in small and lower mid-market businesses facing special situations or unique challenges.