Fundraising

PE’s heady fundraising environment has left many LPs overallocated, forcing them to ponder who should receive their commitments and how much they should get.

IMM will consider raising up to $600m for its debut Korea Battery & ESG Fund dependent on investor demand, PEI understands.

Growing numbers of GPs are looking at NAV loans as a tool to fund distributions and boost IRRs before returning to a red-hot market. They should think carefully first.

The mid-market firm plans to back about 20 companies in Northern Europe with its IK X Fund, US pension documents show.

Growth equity, while long a vital part of the private equity universe, has become a popular strategy, especially in connection with the rise of technology investing.

Communicating with LPs in a transparent way is key for managers navigating congestion, according to panellists from Morgan Stanley and MetLife.

The London-headquartered firm, which could seek as much as £1bn for its fifth mid-market Europe PE fund, also expects to launch and seed new strategies this year.

The buyout firm gathered €6.9bn for its 11th flagship fund, below its €8.5bn capital raising target.

The firm reported record profits and investment activity over the past year as assets under management hit a new record.

Pak-Seng Lai joins as head of private wealth distribution in APAC at a time when the firm is pushing aggressively into the individual investor channel.