Spin-Outs

The UK-focused firm extended the fundraising by six months to take account of investor uncertainty around the UK’s EU referendum.

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.