Kirk Falconer

NATSEC Capital Partners Buyout Fund, which invests in dual-use technologies critical to national security, is targeting $300m with a $1bn hard-cap, sources told Buyouts.

Mega-funds explain why two key indicators of private equity fundraising – capital inflows and fund closings – move in seemingly different directions.

If Linden Capital Partners VI meets the target, it would be 50% larger than its 2021-vintage predecessor.

In the third quarter alone, inflows totaled $120bn, marking a drop of 37% from Q3 2023 and 26% from Q2 2024.

For Thoma Bravo and other technology-focused private equity managers, a key source of liquidity today is more active strategic buyers.

Private equity AUM, now totaling $135bn, is expected to double in the next five years to reach $270bn, co-heads David Sambur and Matt Nord said at Apollo’s 2024 Investor Day.

Some curtailment of the scope of direct investing, and the reintroduction of fund investing, mark a fundamental shift from the past practice of an innovative Canadian institution.

The New York manager, an investor in complex and regulated sectors, said in a pension presentation it had closed and circled more than $1.7bn for Fund VI.

‘It's the golden age of flexible capital,’ Angelo Rufino, Bain's head of North America special situations and corporate special situations in Europe, tells Buyouts.

Salon’s hire reflects BCI’s ongoing expansion as a global investor in buyout and growth equity opportunities in six core sectors – including healthcare.