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Fund IX could be as much as 54% larger than its predecessor, which closed on $13bn in 2016.
People departures
China-focused Rivendell Partners has been hit with a string of departures over the last 18 months including its chief operating officer and a managing director.
TPG’s response has been swift, but limited partners may choose to take their time over commitments to the second Rise Fund.
A winner-take-all dynamic dominated Asia private equity in 2018, which could mean a significant number of funds face hard times this year, according to the latest report from Bain & Company.
The firm closed FTV V in September 2016 on its $850m hard-cap.
The Tokyo-based manager is set to collect more than $400m for its second Korea fund and will hit the fundraising trail in the second half of the year for its fifth Japan fund.
The firm is also raising capital for its eighth flagship fund and second healthcare fund, targeting more than $1bn for both vehicles.
The firm is back in market just eight months after it closed its third growth fund, which is already 90% deployed.
The growth equity firm, a prolific investor in technology, could raise up to $8.5bn for Fund XIII and is upping its investment pacing to $2bn a year.
Potentia Capital is expecting to hold an H1 close on Australia’s first dedicated mid-market technology vehicle.
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