Kirk Falconer

Fund V is expected to hold a third close in November, bringing potential commitments to more than $543m.

Along with fundraising, Blackstone has been active adding to its GP stakes portfolio, deploying an expected $1.5bn-plus to deals backing GTCR, Sentinel and a third firm.

Patterson vs OMERS, which has not been tested in court, might soon be joined by more plaintiffs, turning it into a class-action suit, sources told Buyouts.

Interlock was founded in January by managing directors Rob Zielinski, Mike Orend and Stefan Jensen, all veterans of RLH.

Fund III's hard-cap was slightly increased by Tenex due to demand from limited partners, sources told Buyouts.

While no hard-cap has been set for Fund V, it is expected to bring in no more than $2bn.

Marlin’s heritage fund platform was established to invest in lower-mid-market companies using the same core strategy deployed through its flagship vehicles.

Due to “early interest” shown by limited partners, Braemont is expected to increase Fund I's target to $700m from an original $500m, Covington told Buyouts.

Clearlake's flagship fund and third opportunities fund are together expected to secure $14bn to $15bn in committed capital, sources told Buyouts.

Blackstone’s Tactical Opportunities strategy, hatched a decade ago by David Blitzer, is nimble, focused and all-weather. Other big-name firms are also making creative contributions to the unique asset class.