Fundraising

It is a good time to raise a debut fund, but there are some common mistakes that will scupper a would be Fund I, warns Karl Adam at Monument Group.

The healthcare-focused private equity firm will seek a slightly smaller amount and invest in fewer companies.

The vehicle fell short of its predecessor’s $2bn close.

Jonathan Bullock, the company’s COO and a member of the investment committee for its $100bn Vision Fund, said it will invest ahead of a ‘number of seismic’ long term trends.

The fund, which targets longer-dated private market opportunities that don’t fit in its flagship fund, is nearing the halfway mark toward its $750m target.

The Abu Dhabi-headquartered investment firm has made four investments from its latest private equity fund across consumer, food distribution and e-commerce sectors.

The Paris-based buyout house was initially targeting €750m for its ninth buyout fund, which has already made three investments.

The firm is currently fundraising for Genstar Capital Partners VIII, which is likely to close by the end of Q2.

Vista Foundation Fund III charges three different levels of carried interest, depending on its return multiple.  

The firm, led by Robert Smith, gave LPs the option of a lower management fee and higher hurdle rate in exchange for 30% carry.