Performance

Software funds from the likes of Vista, Insight and PSG are largely outperforming or matching their vintage cohorts, despite concerns over returns in this sector.

In today's edition, The world's 13th largest PE investor is bullish on venture; Meet the US LP embracing its inner sovereign wealth fund; LPs are wary of GP hyperbole.

The software giant will run off its Growth Fund and will not raise another vehicle for the strategy, with the two co-heads of its growth business having left the firm, PEI has learned.

Buyout, growth equity, secondaries, venture capital and other PE funds had raised a total of $152bn as of March 31, up 14% from the $133bn secured a year earlier, according to PEI Group data.

A live deal by Carlyle is taking the concept of structured solutions to another level.

KKR North America Fund XIV will build on the firm's history of implementing employee ownership programmes in its portfolio companies.

Some LPs, including several of the largest US public pension systems, have recently moved down market, seeking greater exposure to small-cap managers and the companies in which they invest.

In today's edition, PE's liquidity crunch sparks an LP default; Secondaries could receive a further injection of capital; KKR finds another 15x reasons to endorse ESOPs.

The majority of the firm’s LPs are individuals with leadership positions at successful businesses in Lead Edge’s target investment areas, a managing partner tells Buyouts.