Fundraising

Newcomers are flocking to the market, drawn by a growing base of targets and the promise of increased fund sizes.

Asia Fund VIII, which closed below target, is TPG’s largest Asia-focused fund, according to the firm's latest earnings call.

Up to 80% of capital raised for the vehicle will target direct investments, with the remainder targeting primaries and secondaries investments, PEI understands.

Managers hoping to launch a GP stakes strategy may find more luck if they pick a segment or region that is underserved by incumbent players.

Private wealth investors are developing a taste for GP stakes.

Meet up-and-coming fundraising professionals who have been developing their firms' IR functions and forging investor relationships from the Americas to Asia-Pacific.

Private equity firms raised close to $177bn in January-March, with buyout funds accounting for the majority.

Capital raised in Q1 2024 surpassed $176bn, a slight decrease on previous years, according to preliminary quarterly figures from PEI data.

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

The buyout firm is on a path to reach $1trn in total assets in the next five years.