Performance

After a four-year rollercoaster ride, private equity investing in software and tech companies seems due for a rebound. But post-2021 dislocation has not gone away.

Emphasis on DPI is prompting some investors to look at smaller managers; PEI Group data shows how certain US mid-market vintages have performed over the past decade.

Hughes & Company was founded by Travis Hughes, formerly an executive at JMI Equity, where he specialized in healthcare IT and services investing.

If Linden Capital Partners VI meets the target, it would be 50% larger than its 2021-vintage predecessor.

The firm expects to have five active evergreen funds within the next 6-12 months.

William Blair estimates about $72bn in GP-led activity this year, up from around $50bn last year.

Lindsay Goldberg VI is targeting $4bn, with a $4.5bn cap, according to Teachers’ Retirement System of Louisiana’s board documents.

The US-based mid-market specialist launched its 12th PE flagship in December with a $750m target, according to pension documents.

Head of Australia and New Zealand Joel Thickins will jointly lead the Asia business alongside existing head Ganen Sarvananthan.