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Fundraising
Falling valuations and increasing emphasis on efficient and sustainable growth by private companies are likely to make conditions ripe for growth capital investing, say Adams Street Partners’ Robin Murray, Tom Bremner and Fred Wang.
The firm aims to reach its new $300m hard-cap by September and seeks to capitalise on previously inaccessible opportunities in the country, says chief executive Lenna Koszarny.
The biggest vehicles on the road are seeking €36bn between them, as LPs bet on growth equity and more attractive entry multiples for Europe funds.
Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.
Roughly half of the capital came from new LP relationships, PEI understands.
The European team led by Hemmers made its inaugural investment in March in LOGEX, a European healthcare analytics provider.
Clayton, Dubilier & Rice Fund XII, which launched last year, has a hard-cap of $23bn.
One extra step from GPs on the fundraising trail might prove a giant leap into Asia’s growing private wealth market.
Asset managers are having to make compromises when it comes to offering products within the current regulatory environment, Julian Salisbury, CIO for asset and wealth management, tells PEI.
The private equity firm has sold its buyout activities to focus on the energy transition, with a new chief executive at the helm.