Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
CVC Capital Partners IX, which is yet to hold its final close, is already larger than Blackstone's $26.2bn record haul in 2019.
The process is understood to be in the early stages and could involve multiple funds.
This year’s biggest fundraiser brought in $125.6bn over the past five years, with runners-up KKR and EQT also breaking the $100bn barrier.
Some private equity funds are beginning to close under target as the battle for LP allocations takes its toll.
The Maryland-headquartered multifamily office has its eye on small growth and buyout managers with specialist strategies across North America and Western Europe.
LPs consider a vast number of metrics, including transparency, exposure and co-investment opportunities, before determining whether a fundraise was successful.
Supply from managers looking to the secondaries market to hold onto assets for longer periods continues to grow.
There are subtleties when it comes to how investors treat funds closing wide of the mark.
Multiple managers have either closed or expect to close their latest private equity flagships below target – something unthinkable a few years ago.
Clayton, Dubilier & Rice Fund XII, which launched last year, has a hard-cap of $23bn.