Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The French asset manager, which acquired a 25% stake in the Madrid-based mid-market firm in 2019, is reviewing its minority positions following a leadership overhaul earlier this year.
The European manager was originally seeking €6.5bn for its latest offering.
Buying assets is 'not as big of an issue' as exits, Blackstone's president and COO said on the firm's latest quarterly earnings call.
The Canadian giant, which has invested $3bn in value-based assets through its Special Investments strategy, is in the market with its sophomore offering.
Half-year fundraising dropped by a fifth year-on-year to $315.5bn across just 508 vehicles that held final closes over the period.
Some 508 private equity funds reached a final close globally in the first half, down 48% from 974 funds in H1 2022, according to PEI's H1 fundraising report.
Fundraising by UK private equity and venture funds was at its highest over the last three years, at £70.2bn, with almost one-third contributed by North American LPs.
Demographic shifts and the rising cost of care in Asia have boosted interest in the market, according to the sovereign wealth fund’s head of life sciences for direct investments in America.
Lenna Koszarny, chief executive of Ukraine-focused private equity firm Horizon Capital, says LPs are backing the firm's latest fund now and are not waiting for the war to end.
Carlyle Group's over €1bn NAV loan for its fifth Europe vehicle is a sign of things to come.