The new 'collaborative strategies portfolio' gives the system more capital to commit to private funds.
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.’
The firm earlier this year has announced at least two exits, both which CenterOak formed in 2020.
The manager is out with its latest flagship fund of funds and adjoining co-investment fund.
Buyouts exclusively revealed that Stone Point is targeting at least $9bn for its 10th fund, the same amount it raised for its ninth fund, which it closed in 2022.
The system’s private markets chief sees opportunities as lengthier fundraising timelines continue.
Despite strong performance, the small buyout segment is receiving less capital from limited partners. As is usually the case, LPs are content to stick with their deepest relationships in uncertain markets.
Blue Owl also held a first close of about $600m for a new mid-cap GP stakes fund, $500m of which was seed capital provided by partner Lunate, sources told Buyouts.
In a subdued deal environment, mid-market buyouts are drawing more attention. This perhaps explains why KKR has had success with the debut strategy at a time when fundraising is especially challenging.
New Mexico's surging energy industry gives the state’s second-largest permanent fund more money – and challenges.