Kirk Falconer

We asked the senior managing director a few personal questions regarding what she's reading, career paths and learning a new instrument.

The target is more than triple that of Fund V’s predecessor, which sought $350m, and almost triple the $420m brought in by Fund IV in a final close last year.

Fund II’s rollout comes about two years after the close of RiverGlade’s inaugural fund. It secured $325m, ahead of an original target size of $300m.

About 90% of Penfund’s deals involve mid-market companies backed by sponsors like Leonard Green & Partners, Hellman & Friedman, Genstar Capital and OMERS Private Equity.

Fund I held an initial closing in August, securing $140m, and is expected to hold additional closings in early and mid-2022.

Thanks to this year’s strong fund and direct investing, IMCO is already two-thirds of the way to reaching its goal of C$6 billion-plus of PE portfolio assets by 2025.

A VC professional by training, Irwin founded Camber in April 2020 with a distinctive modus operandi for making control acquisitions of product-led growth software businesses.

Georgian launched the blind-pool vehicle, targeted to bring in $1.5bn, in tandem with a sixth flagship growth equity offering, which is seeking $1.3bn.

Brookfield, which typically makes hefty commitments to its flagship vehicles, is likely to invest $3bn to $4bn in Fund VI, sources said.

Fund II wrapped up 40% above its initial target and 70% larger than Blackstone’s inaugural GP stakes vehicle, which closed in 2014 at $3.3 billion.