Carmela Mendoza
Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.
Of Blackstone’s dry powder reserves, more than $85bn – or around 44% of the total – is in private equity, the firm said on its Q1 2023 earnings call.
While capital raising across strategies 'tends to ebb and flow, the overall path of travel is towards more alternatives,' says Blackstone’s president and COO.
Vista Equity Partners VIII is seeking the third-largest amount of capital among private equity funds in market, according to PEI data.
The firm gathered $6bn across strategies in the third quarter and $25bn in the year to September; interim CEO says ‘no long-term damage’ with leadership change.
The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.
Karen Frank, who joined OTPP from Barclays Private Bank in 2020, is set to leave in December, Private Equity International has learned.
The investor is following in the footsteps of its peers as it seeks to deploy nearly $1.28bn in co-investments over the next three years.
Backing solid, cashflow-producing assets will be essential in an environment marked by higher borrowing costs, says Cyrus Madon.
Former co-CEO William Conway will serve as interim chief; newly formed office of the CEO will help find a permanent successor.