State Street’s Global Exchange SM Private Equity Index closed the third quarter of 2017 with a positive return of 3.85%, with buyout funds notching their seventh consecutive quarterly gain and leading private equity strategies.
The middle-market direct lending unit of alternative investment company Comvest Partners has raised $836 million in capital commitments for its fourth direct lending fund, easily exceeding the initial $650 million target.
U.S. public pension plans announced 121 new commitments to private equity in the fourth quarter of last year, according to a new report from eVestment, down from prior-year levels but still the segment's favorite asset class.
Private markets specialist Portfolio Advisors, LLC has raised $1.5 billion in capital commitments for its third private equity secondary fund, exceeding its target and hitting its hard cap.
Morgan Stanley Investment Management’s Alternative Investment Partners Private Markets team has raised $425 million in capital commitments for its inaugural stand-alone private equity co-investment fund, handily beating the vehicle’s $350 million target.
Global alternative investment giant KKR has debuted its second dedicated real estate fund, raising $2 billion in capital commitments for value-add and opportunistic real estate transactions primarily in the United States.
In 2017, private equity-backed buyout deals remained on par with 2016’s deal activity, according to preliminary data from Preqin, with 4,191 deals worth a total of $347 billion.
London-based Old Mutual Wealth’s Old Mutual Global Investors single-strategy investment unit has reportedly been sold to private equity company TA Associates for total consideration of £600 million.
Athyrium Capital Management and Neuberger Berman have raised approximately $2.025 billion in capital commitments for a new healthcare fund that will concentrate on investment opportunities in both public and private companies in pharmaceuticals, medical products, diagnostics, healthcare services and healthcare information technology.