Chris Witkowsky
The news that TPG Capital is offering incentives to limited partners to commit to its seventh flagship buyout fund didn’t come as a surprise to many investors.
Michael Bego, a partner at secondary firm Willowridge Partners in New York, has organized an ultra-exclusive dinner every fall for the past nine years by. It is open only to buyers on the secondary market.
Linden LLC has been out talking to potential limited partners about its next fund, which could target $500 million to $600 million, a person with knowledge of the process told sister website peHUB.
Madison Dearborn Partners is officially in the market with its seventh fund targeting $3.75 billion, two limited partners who have heard the pitch told sister website peHUB.
Ultra-secretive Seidler Equity Partners recently hit the market with its fifth private equity fund targeting $350 million with a $375 million hard cap, three people with knowledge of the process told sister website peHUB.
The market has spoken, and First Reserve has a much smaller fund.
The Blackstone Group’s private equity secondaries group, Strategic Partners, is set to close its first fund under the Blackstone banner on about $4.4 billion, according to two people with knowledge of the fundraising.
Quantum Energy Partners is holding a second close on its sixth fund at about $2.5 billion, which is the fund’s target, a person with knowledge of the process told sister website peHUB.
The news that TPG Capital is offering incentives to limited partners to commit to its seventh flagship buyout fund didn’t come as a surprise to many LPs.
Two students at the University of Michigan’s Ross School of Business have started the school’s first private equity club to strengthen the relationship between students interested in the industry and professionals.