Kirk Falconer

More sponsors closed funds at or above their targets in 2022 than they did in prior years, including the record-breaking 2021, according to Buyouts data.

In recent years, a handful of shops have launched to invest in the royalty-generating creative property of artists and songwriters.

Confidence about ONCAP V achieving a final close in 2023 owes to the platform’s “formidable track record,” president Bobby Le Blanc said.

Fundraising timelines last year were the longest since 2010, when private equity was recovering from the financial crisis.

Capital raised totaled $528bn in 2022, down only slightly from the $535bn secured in the robust market of 2021. But fund closings fell to their lowest level since 2017, down 29% from a year earlier.

Though early in its track record, Fund I is so far performing strongly. As of September, it was generating a net multiple of 1.51x and a net IRR of 86.7%.

Covington set up Braemont to be a 'relationship-driven' growth equity investor in defensive growth niches in enterprise (B2B) and consumer (B2C) end-markets.

With LP demand for TPG offerings staying “strong,” Weingart said, the firm nonetheless believes it can “successfully complete” capital raising for key flagships this year.

IMCO disbursed more than C$2.5bn ($1.9bn) to fund and direct investments last year, up 9% from 2021, Craig Ferguson, managing director, private equity, told Buyouts.

'For 2023... we believe our aggregate fundraising will be well in excess of last year’s and will approach our record in 2021 of $77bn,' CEO Michael Arougheti said in a year-end earnings call.