Kirk Falconer
Onex Partners Opportunities Fund, unveiled in late 2023, is a bridge vehicle intended to enable Onex to make a handful of investments until it resumes flagship fundraising.
The firm raised $68bn in Q2, bringing inflows over the last 12 months to $140bn, Brookfield’s highest ever in a 12-month period.
Buyout, growth equity, venture capital, secondaries and other private equity funds raised $254bn in the first half, nearly matching the results of a year earlier.
The amount of time spent raising a North American private equity fund is one of the best indicators of where the market is – and where it is going.
The fund oversubscribed on its $4.6 billion hard-cap, head of investor relations Craig Larson said, putting KKR in 'a pretty advantageous spot at the moment.'
With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.
It could be '12 to 18 months out' before deal and exit volumes reach the levels necessary to support improved fundraising conditions, HarbourVest managing director Scott Voss told Buyouts.
At its new total, Blackstone Capital Partners IX could be only several months away from wrapping up.
In a brutal fundraising market for emerging managers, commitments from GCM Grosvenor/CalPERS and New York Common provide a leg up for Excolere’s debut vehicle, recently rolled out with a $400m target.
NewView was spun out of Silicon Valley venture giant NEA in 2018 through a $1.35bn secondaries deal backed by Goldman Sachs and Hamilton Lane.