PE Fundraising

PSG Equity and Francisco Partners accounted for over 80% of the $31.3B raised by tech-focused funds in Q3, while fund count remained flat.

Smaller deals offer reprieve from a buyout market plagued by costly debt and frozen exits.

The higher cost of capital comes on top of the threat of AI, an exit bottleneck and dampened investor appetite.

‘The easy part might be deploying the money. The hard part is securing an exit,’ said global co-head of private equity Michael Bruun on the close of the firm’s ninth flagship fund.

Ken S. Park joins from HIG Capital, where he led the PE firm’s Asia fundraising operation across PE, credit, real estate and infrastructure.

Commitments to a closed-end fund strategy are made on a formulaic, capital-weighted basis, using each underlying fund’s target capitalization.

As distributions stall, LPs are weighing steep discounts on the secondary market against the cost of staying put.

LPs have redirected capital toward growth funds this year even as overall fundraising collapsed.

Bolt-ons and non-backed targets are carrying regional dealmaking.

The largest LPs keep writing checks to managers that can’t beat their smaller peers—and will probably continue to do so

It will target markets where incumbents are protected by high switching costs and regulatory barriers.

There was $34B in deals focused on a single company, as sponsors sought to hold onto trophy assets while cashing out investors

PE buyout funds have scaled to $20 billion+, but bigger doesn’t guarantee superior returns. We examine how megafunds compare to middle-market peers on value creation, exit conditions, and return dispersion in a higher-for-longer rate environment.

Pension reform is freeing institutions in the Netherlands to pour more capital into private markets, even as sponsors turn more cautious about new deals in the country.

Germany is the only major market where emerging managers raised more funds than their experienced rivals.

They were among the largest Asian-focused vehicles raised in recent years.

PE found a way around a difficult market for selling companies: It sells to itself. Now the SEC wants to know how.

Q&A with Andy Kuper, CEO and founder of LeapFrog Investments.