performance

The investment giant’s flagship private equity funds have delivered a gross return of 27% over the last 12 months as fundraising continues for its record Asia fund.

Growth in its Asia and US buyouts funds boosted the PE giant's third-quarter earnings from its corporate private equity portfolio.

The firm saw ‘renewed momentum’ on the deal side in the third quarter, and more than $15bn of inflows across asset classes, including $2.3bn for Blackstone Growth.

Thoma Bravo is reportedly seeking $16.5bn for Fund XIV, which, if successful, would be at least 30% larger than its 2018-vintage Fund XIII.

Buyout funds recorded an average multiple of 1.36x on invested capital in the first half of the year, reverting to the 10-year historical average and down from the near-record 1.45x in late 2019.

Riverside’s second accolade is for Censis Technologies, where growth of the sales function was key to market expansion during the GP’s investment period.

Private Equity International’s annual Operational Excellence Awards celebrate standout value creation stories in the private equity industry.

A seasoned portfolio company chief executive gives the inside scoop on what makes for an effective private equity-management working relationship.