Kirk Falconer
A key factor in the stronger return was a gain from OMERS' agreement to sell Environmental Resources Management to KKR.
'We want to create an institutional-quality product for the retail market,' BCP Credit head Ted Goldthorpe, a former Apollo Global Management executive, told Buyouts.
“We are not a vanity investor in sports,” partner Robert Klein told Buyouts. “We have a long history of seeing things in sports that others don’t.”
'In today’s environment, as prices continue to go up, our emphasis will be on keeping our head down and investing heavily in capabilities to create our own deal opportunities,' Sperling told Buyouts.
The $32bn Blackstone Tactical Opportunities was founded in 2011 by veterans of the firm, led by global head David Blitzer and COO Chris James.
The sector's ascent accelerated with covid, with more record-breaking fundraising ahead.
Weymouth, a Riverstone partner for 10 years, established Grafine in 2019 with a highly innovative strategy of both investing in GP teams and facilitating direct deals for LPs.
North American PE firms raised more capital in H1 2021 than in any other first-half period since the financial crisis.
BCI generated a one-year return of 24.4 pct on its PE investments at the end of December, compared with a benchmark of 13.9 pct.
Originally a deal-by-deal investor, Seaside wrapped up marketing for Fund I in December and closed it in February at $160m.