The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.
An SEC filing reveals the mega-firm’s IRRs to date as well as fundraising status for its seventh buyout fund.
The global buyout firm has closed a distressed credit vehicle on more than double its target, while it raises more than $9.6bn for five other funds.
The global mid-market buyout firm attracted interest nearly double its planned €5bn target, but it scaled back the fund giving existing limited partners priority.
The San Francisco-based Kimpton Group has closed its latest real estate fund saying its luxury brand will help secure its expansion over the next three years.
How are LPs in the West approaching the Chinese market? Jennifer Harris tests the waters.
The continuing flow of capital that is being attracted by even the larger private equity funds appears to have put paid to any notion that investors in the asset class would opt out at a time when market conditions have become more challenging. However, the jury is out on whether the fundraising momentum will be sustained once the effects of any downturn can be more clearly seen. Andy Thomson reports.
Wendel Investissement's smooth journey from holding company to global private equity firm has become a little bumpier.
The fear factor
The firm has invested or committed most of the funds it raised in its initial public offering in April last year, ahead of its two year target to invest the money.