Two strategies for driving growth that are particularly effective are transformative combinations and research & development optimization.
The vehicle was unveiled last year by the private-market affiliate of Xponance and Investcorp’s Strategic Capital Group to support diversity, equity and inclusion in the alternative asset industry.
“Healthcare staffing is a large, $20bn-plus market and we like to look at big markets undergoing disruption, FTV partner Richard Liu told PE Hub.
"The hottest industries – tech, software, healthcare, and business services – also have the best credit outcomes across cycles," Churchill's Schwimmer said.
The firm is the latest in a slew of shops launched by former Golden Gate executives over the past few years.
Primed by a vigorous deal environment, tech PE fundraising rose to dizzying heights in 2021, with 474 North American vehicles collecting an all-time high of $227bn, according to Buyouts data.
“There are billions of dollars in opportunities in this space, as there was already a good amount of outdoor enthusiasts but now with covid, there is a growing number of people venturing to the great outdoors,” Matt Eby, founder of Seawall, told PE Hub.
"The plumbing services sector is highly fragmented and hyper-locally operated with limited private equity investment to date," Irina Krasik of Stellex, told PE Hub.
Drivers of 2021's robust fundraising – an accelerated pace, bigger tickets, LPs pressing allocation limits and hot strategies like growth equity, tech and the energy transition – will likely also feature in 2022's market.
'Given where the cost of debt currently stands, we don’t expect near-term interest rate increases to have a meaningful impact on loan demand in 2022,' said Clark.