Carlyle Seeks $8.5 Billion for Its Biggest Asian Buyout Fund
Carlyle Group Inc. is seeking to raise $8.5 billion for its biggest-ever Asian buyout fund, people familiar with the matter said. The Washington-based private equity firm has started meeting investors for its sixth buyout fund in the region, according to the people, who asked not to be identified because the information is private. It’s aiming […]
Tiger Global plans to raise a new fund for private investments as public markets sour
After closing a $12.7 billion fund mere months ago, Tiger Global is planning to go back to market. The firm intends to raise a new fund this year or next, a personal familiar with Tiger told me in a recent feature story for Fortune. There has already been interest from the firm’s existing LP base, the person says. […]
Klarna in talks with investors to raise more money
Swedish payments firm Klarna is in talks with investors to raise more money and has no plans to go public this year, Chief Executive Sebastian Siemiatkowski said in an interview two days after the firm laid off 700 staff. Klarna investors include Silver Lake, BlackRock, GIC, and Permira and was valued about $46bn it got in […]
Trivest closes Trivest Fund VII and Trivest Discovery Fund II
Trivest Partners (Trivest) has closed Trivest Fund VII (Fund VII) and Trivest Discovery Fund II (Discovery II) with approximately $950 million and $600 million of total capital commitments (including Trivest commitments), respectively. Both funds were oversubscribed and the fundraise for each fund was substantially completed in a single closing. Raised concurrently, Fund VII and Discovery […]
FFL Partners raises over $900m for fifth fund
FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has held the final closing of FFL Capital Partners V, and related vehicles , with over $900 million in total capital commitments. FFL closed the oversubscribed Fund V well above its $750 million target, raising the firm’s total AUM to […]
KKR closes inaugural Asia Credit Fund at $1.1bn
Global investment firm KKR has held the final close of KKR Asia Credit Opportunities Fund (ACOF), a $1.1 billion fund focused on performing privately originated credit investments in Asia Pacific. KKR’s Asia Credit platform seeks to provide bespoke private credit solutions to companies and sponsors which harness the strength of KKR’s alternative investment capabilities and […]
Cathay Capital launches new €500m health fund
Cathay Capital has launched Cathay Health, a new €500 million global fund dedicated to investing at the convergence of healthcare, life sciences and technology. Building on the success of the firm’s investment track record and platform, the new fund will focus on venture to growth-stage companies across Europe, North America and Asia. Cathay Health represents […]
AfricInvest closes largest African midcap-focused fund at over $400m
AfricInvest, an investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has held the final close of AfricInvest Fund IV with total commitments of $411 million. Launched two years ago with a hard cap of $400 million, AfricInvest IV received investment from new and returning institutional […]
Angelo Gordon Raises $3.1 Billion for Second Credit Solutions Fund
Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, today announced the final close of the AG Credit Solutions Fund II, L.P. (the “Fund”) with $3.1 billion of equity commitments, exceeding the Fund’s $3.0 billion target in seven months from the initial to final close. The Fund received significant […]
Advent Raises One of Biggest-Ever Buyout Funds at $25 Billion
Advent International has raised $25 billion for the second biggest private equity fund on record. The fund — Advent International GPE X LP — drew commitments from pension funds, sovereign wealth funds, endowments and high-net-worth individuals while boosting the firm’s assets under management to over $100 billion. The vehicle reached its hard cap, or the […]
