Fundraising

Depressed exit activity could be exacerbated by the industry’s reliance on secondary sales, the industry body says.

The VC firm is targeting $1bn for its third digital growth fund and $400m for its 17th early-stage fund.

The €7bn Sixth Fund attracted strong support from public pensions, while funds of funds and sovereign wealth funds dialled back their commitments.

Origami Opportunities Fund III had significant LP demand exceeding its $400m target but had to meet a hard deadline for the final close.

The Canadian mid-market private equity firm’s latest fund closed on its hard-cap.

Ardian Expansion Fund IV is twice the size of its predecessor and will look for larger investment opportunities.

The firm has amassed $7.9bn for the vehicle, which held a $7bn initial close last month.

The Pan European buyout firm, led by Stuart McAlpine, said it could have raised double that amount based on LP demand.

The private equity firm, which makes controlling investments in the lower mid-market, recently closed its third fund, Monomoy Capital Partners III, on $767m.

The Nordic firm’s previous fund closed in 2014 on its Skr2bn target.