growth capital

Vianney de Leudeville of British Business Investments discusses why the development bank subsidiary is seeding fund of funds managers.

Managing director Jay Park and two other private equity partners executives launched the firm in July.

In this 11-slide presentation PEI breaks down the $91bn of capital raised for private equity last quarter by strategy, geography and the industry's biggest funds.

Funds focused on the strategy closed on almost $25bn in the first quarter of this year, the best such period for growth equity since at least 2008.

The firm is targeting $2bn for Permira Growth Opportunities I and has made its first investment, Private Equity International has learned.

The firm held a final close on Growth Fund II at €230m, well above its €200m hard-cap and more than triple the size of its €70m predecessor.

Who are the two new co-heads of the biggest emerging markets investment firm and what experience do they have?

The firm closed its debut financial services-focused fund on $2.3bn at the end of 2017 after about six months on the road.

Brian Conway, managing partner and chairman of the private equity firm, explains how the current deal environment and an increased focus on growth has affected his firm’s approach.