Onex Partners Opportunities Fund, unveiled in late 2023, is a bridge vehicle intended to enable Onex to make a handful of investments until it resumes flagship fundraising.
The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.
The firm raised $68bn in Q2, bringing inflows over the last 12 months to $140bn, Brookfield’s highest ever in a 12-month period.
Buyout, growth equity, venture capital, secondaries and other private equity funds raised $254bn in the first half, nearly matching the results of a year earlier.
Clearlake’s deal, one of a string of such transactions put together by the firm, is part of a wave of GP-led secondaries keeping the market busy.
Disappointing performance will come as a disappointment after the individual pension funds have increased their exposure to private equity.
Kahler’s hiring comes as part of a larger build-out of Riverside Value Fund’s team, according to a Riverside spokesperson.
The amount of time spent raising a North American private equity fund is one of the best indicators of where the market is – and where it is going.
The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.
Co-investment stakes included in GP- and even LP-led secondaries have become more prevalent as even direct investing LPs seek liquidity in the slow exit environment.