GP Stake Sales Boom Raises Fund Diligence Questions
The market for private‑equity GP‑led stake sales is accelerating, with minority‑interest transactions surging as firms seek liquidity and capital for new deals. Investors are increasingly buying into GP ownership, often through secondary‑market platforms, creating a parallel market to traditional fund investments. However, the rapid growth raises questions about transparency, as sellers may not fully disclose the performance of underlying funds. Consequently, limited partners must adapt their diligence frameworks to evaluate both the GP’s motives and the impact on fund alignment.
Mercury Capital Wins Ruling in Racial Discrimination Case
A federal jury dismissed the racial discrimination lawsuit filed by a former Mercury Capital placement‑agent co‑founder, who alleged the firm had become a "safe haven for white men only" under former CEO Michael Ricciardi. The verdict clears Mercury Capital of...
Welsh Carson Targets $5bn for Latest Flagship
Welsh Carson announced the launch of its 15th flagship fund, aiming to raise roughly $5 billion. The vehicle will concentrate on mid‑market buyout opportunities, with a geographic emphasis on North America. Documents shared at a recent limited‑partner meeting detail the fund’s...
Brookfield to See ‘Largest Fundraising Year Ever’ in 2026, Says CEO Teskey
Brookfield Asset Management expects 2026 to be its largest fundraising year, according to CEO Craig Teskey. Year‑to‑date, the firm has secured $6 billion for its seventh flagship private‑equity fund, roughly half of the $12.5 billion target. The rapid capital accumulation reflects strong...
DBJ Asset Management Actively Pursuing New GP Partnerships
DBJ Asset Management announced it will broaden its buyout exposure in 2026 by seeking new general‑partner (GP) relationships. The firm aims to allocate additional capital to mid‑market private‑equity deals, particularly in North America. DBJ plans to co‑invest alongside GPs, targeting...
Investor Intentions: Montana Capital Partners Deploying Across Climate and Social Impact via Discretionary Mandate
Montana Capital Partners (MCP) announced that it will allocate capital through a discretionary mandate focused on climate‑related and social‑impact investments. The firm plans to source deals across renewable energy, sustainable infrastructure, and inclusive finance, leveraging its existing network of LPs....
Carlyle Alum-Led Capitol Meridian Eyes $1.2bn for Sophomore Fund
Capitol Meridian, a Washington, DC‑based private‑equity firm founded by a Carlyle alumnus, is targeting $1.2 billion for its second fund. The manager expects to achieve the fund’s initial close in the first quarter, according to pension‑plan filings. The fundraising effort follows...
Texas Teachers Aims to Do More Direct Deals with Trimmed PE Allocation: Milken Panel
Texas Teachers' Retirement System, which manages about $230 billion, is scaling back its overall private‑equity exposure while simultaneously expanding its direct‑investment program. The shift, discussed at a Milken Institute panel, reflects a strategy to make more selective, high‑conviction bets rather than...
TPG: AI Shift From Defensive to Offensive Play Is ‘Positive Weapon’ for PE
Private equity giant TPG says the industry’s AI approach is shifting from a defensive cost‑control mindset to an offensive growth engine, calling the change a “positive weapon.” The firm highlighted that its software‑focused investments are holding up, with the overall...
Seidler Nabs $2.3bn for Three Funds, Including Ninth Flagship, in 90 Days
Seidler Equity Partners announced it has secured $2.3 billion for three private‑equity vehicles within a 90‑day window, highlighted by the ninth flagship fund, Seidler Equity Partners IX. The IX fund completed a first‑and‑final close at a $1.6 billion hard‑cap, representing a 28%...
StepStone Alums Launch Advisory Shop to Build Customized Portfolios for Smaller LPs
Former StepStone executives Brey Jones and John McGuinness have launched Thirdpath, an advisory firm that builds customized private equity and private credit portfolios for institutional investors. The boutique targets smaller limited partners seeking tailored exposure rather than standard fund allocations....
Ride or Die: LPs Grapple with the Coming Wave of Retail Money
Limited partners (LPs) are confronting a surge of retail capital seeking exposure to private‑equity assets. While some LPs outright reject partnering with retail‑focused vehicles, others acknowledge the inevitable wave and are redesigning allocation frameworks to preserve their privileged status. The...
Orange County to Institute Hybrid Asset Allocation Strategy
The Orange County Employees' Retirement System (OCERS) will shift to a hybrid asset‑allocation model that blends strategic long‑term targets with tactical short‑term adjustments. The plan will apply a “total portfolio approach,” treating all asset classes as a single, integrated portfolio...
Investor Intentions: GEPS to Consider New Buyout Funds
The Government Employees Pension Service (GEPS), South Korea’s largest public pension fund, announced plans to allocate between $150 million and $200 million to private‑equity buyout funds in 2026. The earmarked capital will be deployed across multiple buyout vehicles, signaling a strategic tilt...
GTCR Eyes Mega-Firm Territory with Launch of Next Flagship Fundraise
GTCR announced the launch of its fifteenth flagship private‑equity vehicle, Fund XV, positioning the firm to compete with the industry’s mega‑fund managers. Sources say the fund is expected to raise capital rapidly, with a tight allocation window that limits participation...