Fundraising

The Chinese mid-market manager surpassed its $900m target for its latest vehicle.

The KKR alum, who spent a quarter of a century at the firm, is breaking with the traditional private equity model with his latest fund, and aiming for better GP/LP alignment.

The Hong Kong-based manager had a 95% re-up rate and garnered commitments from new LPs including Japan Post Bank.

As the economic cycle approaches its peak, it can be challenging to predict what will happen in 2018, but one thing is almost certain: more money will flow into private equity.

The private equity industry was the gift that kept on giving this year.

Several vehicles that hold assets for longer than the traditional three to five years arrived on the scene this year and investors can expect more in 2018.

General and limited partners have shown growing interest in acquiring manager stakes during 2017.

Ardian Capital Asia IV had attracted $66.4m-worth of commitments as of 10 May, according to documents seen by PEI.

The firm has ‘had its arm bitten off’ by investors trying to get into Fund VIII, which will be nearly 60% larger than its predecessor.

In 2016 the death of Clessidra’s founder and figurehead threw the Italian firm into disarray and threatened to scupper a fundraising process. This year we met the man charged with riding to the rescue.