Kirk Falconer

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

It could be '12 to 18 months out' before deal and exit volumes reach the levels necessary to support improved fundraising conditions, HarbourVest managing director Scott Voss told Buyouts.

At its new total, Blackstone Capital Partners IX could be only several months away from wrapping up.

In a brutal fundraising market for emerging managers, commitments from GCM Grosvenor/CalPERS and New York Common provide a leg up for Excolere’s debut vehicle, recently rolled out with a $400m target.

NewView was spun out of Silicon Valley venture giant NEA in 2018 through a $1.35bn secondaries deal backed by Goldman Sachs and Hamilton Lane.

The Brookfield platform, which provides flexible, structured capital solutions, has a deal pipeline that is 'stronger today than it ever has been,' managing partner Olivan told Buyouts.

The fund is expected to reach its hard-cap within six months of a first close, held in May, sources told Buyouts, indicating that a final close should take place before year’s end.

Behrman Capital VII, launched two years after the close of its $422m predecessor, is expected to wrap up in the third quarter.

TPG ascends to the third slot on the Buyouts 100, in no small part because of its astute early picks of new growth areas.

If 20% of expected climate investment is accounted for by private markets, TPG executive chairman Jim Coulter said, 'spending... will be bigger than the entire private equity industry is today.'