Spin-Outs

Align Capital Partners began fundraising its first fund in June and raced past its $250m target toward its $325m hard-cap.

The firm, founded by a former co-head of US healthcare at Apax Partners, has fund commitments from LACERS and Los Angeles Police & Fire.

Tjarko Hektor, who worked on North American secondaries at Carlyle’s fund of funds until last year, has launched New 2nd Capital, focusing on GP-centred transactions.

The new firm is currently targeting £100m for its first institutionally-backed fund.

James Gamett has launched Sweetwater Capital Partners to specialise in direct, co-investments and secondaries.

Abac Capital will target mid-market opportunities in Spain.

The FPE Capital team spun out the Fleming family office's firm earlier this year and is seeking to raise £100m.

FPE Capital is also in market targeting £100m for a new fund, looking to access institutional capital for the first time.

FPE Capital is also in market targeting £100m for a new fund, looking to access institutional capital for the first time.