PEI Group Data

A larger proportion of the firm's latest flagship will go towards control investments, partners Gaurav Ahuja and Ashley Menezes tell PEI.

A key aspect of the firm's strategy is sourcing opportunities it believes 'would benefit from the growth of the US Hispanic population.'

Established firms with ancillary strategies have at times struggled to attract capital for those funds outside of their core vehicles, and some have chosen to put parallel strategies on hold.

In a tough capital-raising market, GPs are offering more incentives to LPs. This seems to be the approach taken by Constitution, which is offering a 50% fee discount to early investors in Ironsides VII.

The firm, which collected about $2.8bn for its fifth Japan fund earlier this month, keeps junior and mid-level staff motivated by ensuring they receive hands-on deal experience, Japan co-head Kazuhiro Yamada tells PEI.

The $1.6bn BPEA EQT Mid-Market Growth Fund is nearly 18% deployed across four deals, two of which came from India, partner Nicholas Macksey tells PEI.

Fundraising for growth funds represented about 19.6% of the total private equity capital raised in the first quarter, according to Buyouts data.

Inventory on the GP-led side of the business is high, though the completion rate for such deals hovers around 50 percent, sources have told Buyouts.

The veteran oil and gas investor has so far raised $3.3bn for an eighth fund blending traditional and sustainable energy themes, sources told Buyouts.

Stellex Capital Partners III, launched last year, is set to bring in $1.5bn of a $2.5bn target in a first close sometime later this year, sources told Buyouts.