Kirk Falconer

In a tough capital-raising market, GPs are offering more incentives to LPs. This seems to be the approach taken by Constitution, which is offering a 50% fee discount to early investors in Ironsides VII.

A key to the global push is KKR’s newly formed Human Capital Center of Excellence, which will co-ordinate the 'whole effort,' Pete Stavros, co-head of global private equity, told Buyouts.

In what may be a sign of improving dealmaking conditions, Canada Pension Plan Investment Board, the world’s biggest investor in private equity, recently upped its performance – with the help of some exits.

Recently launched, Fund III will hold a first close in June, UH endowment documents said, with a final close expected to occur in the third quarter.

The veteran oil and gas investor has so far raised $3.3bn for an eighth fund blending traditional and sustainable energy themes, sources told Buyouts.

Because of its greater market supply role today, private credit is likely to be front-and-center in helping sponsored businesses find solutions as capital structures come due.

Stellex Capital Partners III, launched last year, is set to bring in $1.5bn of a $2.5bn target in a first close sometime later this year, sources told Buyouts.

Recently rolled out by the New York manager, Kinderhook Capital Fund 8 is expected to wrap up by the end of this year, sources said.

Clearlake reports recently seeing a major uptick in exits: over 2021-23, gross realizations totaled $17bn, almost triple the volume over 2018-20.

Bernstein tells us about his getaway in Connecticut's Litchfield Hills, his love for New Orleans’ JazzFest and why it's important to remember, ‘if you are looking, it ain’t cooking.’