Fundraising

Firm: Arsenal Capital Partners Fund: Arsenal Capital Partners IV LP Target: $1.25 bln Arsenal Capital Partners held a first close on its fourth buyout fund toward a target of $1.25 billion, well above its predecessor, according to a source. The source described the first close level as “substantial,” but declined to be more specific. A […]

Firm: ACON Investments Fund: Acon Equity Partners IV Target: $1.07 bln Amount raised: $578.2 mln Placement Agent: Evercore ACON Investments has pulled in $578.2 million in commitments for its fourth flagship fund, marking the international buyout shop’s rapid return to the fundraising market, according to filings. With a target of $1 billion for ACON Equity […]

Final close likely later this fall Fund II raises $900 mln through July Searchlight I nets 14.7 pct as of June 30 Searchlight Capital Partners expects to hold a final close on its $1.8 billion hard cap later this fall for its second fund, according to a public LP document. In July, Searchlight Capital II […]

Sources expect final close in Q1 JLL targeting $1 bln for Fund VII Previous fund netted 25.3 pct IRR as of December 31 JLL Partners has raised approximately $800 million toward its $1 billion target for its seventh flagship fund and will likely hold a final close in the first quarter of 2016, according to […]

Firm raising core plus real estate fund Carlyle planning update on Carlyle Global Partners fund Firm expects more participation from Asian sovereign wealth funds Carlyle Group said it continues to see strong interest in its many funds in the market from insitutional investors and high net-worth individuals, as it plans to launch a new infrastructure […]

Firm tops year-ago figure of $2.3 bln Apollo’s second natural resource fund holds first close Firm holds final close on third structured credit recovery fund Apollo Global Management said it drew in $3.3 billion of fresh capital in the third quarter, led by a $1.3 billion first close for its second natural resources fund, topping […]

KKR expects 12th North America Fund to top $8 bln Confirms first growth equity fund Henry Kravis sees more deals opening up Kohlberg Kravis Roberts & Co said it expects KKR North America Fund XII to exceed the $8 billion raised by its predecessor, as it takes aim at a more favorable deal market. With […]

Year founded: 1997 Investment strategy: Buyouts, distressed debt, growth equity Key executives: Co-heads of PE David Kaplan and Bennett Rosenthal Office locations: 19 offices worldwide AUM: $88 bln Fundraising status: Raising Fund V with $6.5 bln target Active portfolio companies: About 25 Website: http://www.aresmgmt.com/ Ares Management is back in the market with its first flagship […]

Wilbur Ross, who was once nicknamed the “King of Bankruptcy,” certainly earned his title with his investment performance — in a good way. The top performing distressed-focused fund out of a universe of 2,200 private equity funds Buyouts analyzed was the 2002-vintage WLR Recovery Associates II, which is managed by Invesco’s WL Ross & Co. Fund II rang up […]

Coatue Management, the hedge fund that invests in venture rounds, raised about $543 million for its second private equity fund, according to a person with knowledge of the fundraising.