Kirk Falconer

Lexington Partners has raised more than $11.7 billion for its ninth secondaries fund, just shy of the vehicle’s $12 billion target, according to an SEC filing. It does not appear the New York-based private equity firm has wrapped up Lexington Capital Partners IX, which is expected to be the largest dedicated secondaries fund on record. […]

Pacific Lake Partners, a pioneer of search fund investing, completed fundraising for its fourth vehicle, securing $175 million. Pacific Lake Partners Fund IV was backed mostly by returning investors, Managing Partner Coley Andrews told Buyouts. LPs included endowments and foundations, family offices and wealthy investors, among them search fund CEOs and other entrepreneurs, he said. […]

CAI Capital Partners, one of a small number of private equity firms led by women, is approaching a second close of its C$100-million ($75 million) sixth fund on the strength of several lucrative exits. CAI Capital Partners VI, which raised one-third of its target in May, is expected to hold a second close before the […]

Ardenton has recently been active in the U.K. market, completing four platform investments there since mid-2018.

Latticework Capital Management, an emerging healthcare manager, has completed fundraising for its inaugural vehicle, raising more than $120 million, according to an SEC filing. LCM Healthcare Fund I secured commitments from family offices, funds-of-funds, pension funds and other investors, according to a statement on the website of BHA, which advised the Dallas-based private equity firm. […]

OpenGate Capital Partners is heading for a final close of its second fund at a hard cap of $550 million, a person with knowledge of the matter told Buyouts. OpenGate Capital Partners II is expected to wrap up fundraising in October, two sources said. It could exceed the hard cap with a commitment from the […]

NexPhase Capital, launched three years ago by former principals of Moelis Capital Partners, has set a $400 million target for its second, lower-mid-market fund, according to an SEC filing. The new vehicle is called NexPhase Capital Fund IV because the same team led prior funds under the Moelis brand. The New York-based private equity firm’s […]

Council Capital has launched fundraising for its fourth lower mid-market healthcare fund, setting a target of $200 million, according to an SEC filing. If successful, Council Capital IV would be the largest fund to date for the Nashville-based private equity firm, exceeding by 33 percent the $150 million-plus secured by its predecessor in 2016. Council […]

OMERS Growth Equity, the recently launched growth equity arm of C$97 billion ($73 billion) Canadian pension fund OMERS, this month brought on Teresa Lee as a director, Buyouts has learned. Lee moved to OMERS Growth Equity from OMERS Private Equity, where she worked for 12 years, most recently as a director. Her focus has been […]

The private equity group of Brookfield Asset Management has so far raised nearly $8 billion for its fifth flagship fund. Brookfield Capital Partners V, which held a $6.5 billion first close last year, is expected to wrap up fundraising by the end of Q3 2019, the Toronto-based alternative asset manager said in a news release. […]