Along with targeting a larger fund size, Novacap aims to wrap up the new flagship in a single closing in the first quarter of next year, according to pension documents.
The deal is set to kick off a year that is expected to bring many sellers to market as LPs and GPs continue to seek ways to get distributions to investors in older funds.
Last week, Investcorp Strategic Capital Group announced it had joined Ownership Works, making it the shared ownership organization's first GP staking partner.
GPs can get much done to head off investor concerns before sitting at the negotiating table, writes communications adviser Joshua Rosen.
Will a drab 2024 market turn into a more fruitful 2025? Our panel of insiders share their insights and try to discern what's going on with the 'bottom of the iceberg' in a variety of areas.
Nehal Raj, co-managing partner of TPG Capital, says operating teams are still in the 'early days' of specialization.
The head of private equity primaries for the US firm’s External Investing Group talks about the implications of longer fundraises and why LPs are delaying commitments to GPs.
Portfolio companies increasingly want to 'work with the best of the best', according to research from consultancy firm Nepean.
Ortiz rejoined Palladium on a full-time basis in May earlier this year and was voted in to his role as partner this summer. He will assume the role starting January 1, 2025.
New Jersey Division of Investment, a long-time investor in JLL funds, is committing $200m to the new flagship, accounting for more than one-fifth of the target.