Fundraising

Deals boosted by General Atlantic’s investment in Turkey’s first decacorn set the scene for more activity in the country’s tech and media sectors.

Latin America constitutes the ‘last unconquered stretch’ of the global fundraising picture, according to Philippe Stiernon, chief executive of Bogota-based placement agent ROAM Capital.

As Brazil’s historically prevalent pension divestment opportunity comes to an end, how will the boom in Latin America’s largest private capital market feed into secondaries?

Tech Opportunities vehicle is targeting $1.5bn for investments in mid-market buyouts and late-stage growth for control and minority transactions.

Fund II wrapped up 40% above its initial target and 70% larger than Blackstone’s inaugural GP stakes vehicle, which closed in 2014 at $3.3 billion.

Unslakable investor thirst for the asset class has contributed to some of the best fundraising conditions in history and led to concerns over how managers are putting that money to work.

The software specialist has raised at least $8bn more than its initial target for Fund XII, meaning the vehicle is already more than twice the size of its 2019-vintage predecessor.

The European giant will not rule out a dedicated life sciences growth fund in the medium term, co-head of global healthcare Michael Bauer told PEI.

The alternatives firm could seek between $8bn and $10bn for Carlyle Asia Partners VI, PEI understands.

The biggest listed alternatives firms have more than $550bn in unspent capital, fuelling fiercer competition and higher entry prices.