Kirk Falconer

The goal, Brookfield said, is to provide for stable and predictable cash flows and market leadership positions that result in “compounding returns over a longer timeframe.”

The launch of Warburg Pincus’ latest flagship comes as growth equity is experiencing a historic run in the private equity fundraising market.

Graham talks to Buyouts about OMERS' uptick in PE dealmaking since January, expectations for performance, plans to deploy C$2bn-plus in Asia and a recent spate of hires.

Gensler’s overarching goal, he said, is to 'bring more sunshine and competition to the private funds space.'

Bison specializes in structured capital investing in growth companies that are unwilling to give up control and cannot or will not access traditional debt.

Crescent in January sold a 51% stake to SLC Management, the alternative asset unit of Sun Life, for up to $338m.

With $16.8bn in the bank, the fund may be on track to become the largest ever raised in KKR’s 45-year history.

Carlyle, which declined to comment, has not yet announced a final closing, suggesting that Fund II remains in the market. The vehicle’s hard-cap is not known.

Carlyle has since January raised $40bn across its strategies, including private debt, up 124% year over year.

Nearly $361bn was raised by 617 buyout, growth equity, venture capital and other PE funds at the end of September. In dollar terms, this surpasses activity in the first three quarters of all previous years.