Launched in September, GTCR Strategic Growth Fund II is expected to wrap up early next year, sources familiar with the offering told Buyouts.
The firm closed its debut fund on $850m earlier this year and is set to explore a market ripe with opportunity as sellers, for various reasons, seek liquidity in 2025.
The Buyouts Emerging Manager Survey, conducted in partnership with Gen II Fund Services, was released this week.
In addition to co-founding TPG in 1993, Bonderman was owner of the National Hockey League’s 32nd expansion franchise, the Seattle Kraken.
Majority of LPs surveyed by the firm expect to decline to reinvest with some existing GP relationships, with performance cited by many as the underlying reason.
Turn/River in September announced a major agreement to sell Redwood Software, an automation fabric solutions provider, to Vista Equity Partners and Warburg Pincus.
The firm is among many in the middle market making changes as a result of the tough fundraising environment.
Debt advisory firm Fund Finance Partners unveiled the first index of the buyouts NAV loan market.
The decision to increase the venture capital target range comes almost two months after the pension fund signaled that it would be committing more capital to its in-state private equity program.
Because of their significance to the private equity industry, there will be a lot of eyes on exit trends in the months ahead.