Allocations
Are LPs looking to move tactically out of certain PE investments to free up liquidity ahead of concerns over a market slowdown? And if so, is this creating a good opportunity for Secondary investors to pick up LP interests at a healthy discount?
Both General Partners and Limited Partners in private equity funds increasingly see the merits to using the secondaries market, which continues to deepen and provide various liquidity solutions. Last year, market volume grew to USD79.7 billion and is “on track to reach USD100 billion this year”, according to Cari Lodge (pictured), Head of Secondaries at Commonfund Capital.
RedBird Capital Partners (RedBird) and Reverence Capital Partners (Reverence) have closed on their acquisition of Vida Capital (Vida), an alternative asset management platform specialising in non-correlated investment strategies.
Vida’s President and CEO, Jeff Serra, along with members of the management team, invested alongside RedBird and Reverence in the transaction. The proposed transaction obtained the necessary regulatory approvals and received overwhelming support from the investors in Vida’s various funds.
Serra says: “Our management team and employees are extremely pleased to have reached the closing of this transaction. We have been looking forward to this day and to working with our
Kimmeridge Energy Management Company, an private equity firm focused on making direct investments in unconventional oil and gas assets in the US, has held the final closing of Kimmeridge Energy Fund V at its USD800 million hard cap.
Fund V was twice the size of Fund IV and oversubscribed. Inclusive of prior fundraises and co-investments, Kimmeridge has raised approximately USD2.8 billion of limited partner commitments since the firm’s founding in 2012.
Fund V is focused on continuing Kimmeridge’s strategy of directly acquiring and developing unconventional assets in top-tier basins. The fund received support from institutional investors including endowments, foundations,
HKW, a middle-market private equity firm focused on growth-oriented companies, has held the final closing of HKW Capital Partners V (HKW V) with total commitments of USD365 million. Launched in September 2017, HKW V exceeded its original USD350 million target.
Commitments to HKW V came from a diverse group of both existing and new investors, including institutional investors, insurance companies, state pension plans, family offices, high net worth individuals, and foundations and endowments. As with its predecessor funds, HKW V will focus on investments in middle-market growth companies with a target EBITDA of USD5-USD30 million. HKW will seek to invest
An affiliate of HIG Capital (HIG), a global private equity investment firm with over USD34 billion of equity capital under management, has made a significant growth investment in Circle Graphics Holdings, a provider of made-to-order wall décor and branded out-of-home visual solutions.
Headquartered near Denver, CO, Circle Graphics produces best-in-class digital graphics for consumers, professionals, and businesses through two distinct divisions: Online Wall Décor and Out-of-Home Visual Solutions. The Company’s Online Wall Décor segment enables consumers and professional photographers to procure customised photos and pre-designed art images via wholly-owned direct-to-consumer websites and market-leading reseller relationships. Circle Graphics’ Out-of-Home Visual Solutions
HC Private Investments (HCPI), a Chicago-based private investment firm, and Landon Capital Partners (LCP), a Boston-based family office, have launched Evolution Managers Capital (Evolution), a platform for emerging private equity managers to launch their own investment efforts.
Evolution will provide emerging managers with committed capital to fund operating expenses and investments.
HCPI Managing Partners, John Kelly and Matthew Moran, and LCP Managing Partner, Chris Sullivan, will lead the platform. Evolution will provide financial backing and support to private equity managers, who like HCPI and LCP, are focused on lower-middle market transactions with targeted deal sizes ranging from USD20 to
Asset owners and managers are increasing their investment in Cashflow Driven Investment (CDI) assets, such as Infrastructure, according to data released by RiskFirst covering over GBP1 trillion of assets.
The average allocation to CDI eligible assets, such as infrastructure, private and multi-asset credit, has more than doubled since the beginning of 2018, concludes the study. This trend is driven by increasing allocations to infrastructure investments and a reduction in traditional return-seeking investments, such as equities.
The analysis is based on data drawn from RiskFirst’s risk management platform PFaroe, which has a client base of both asset owners and managers.
Wynnchurch Capital has made an investment in Eastern Metal Supply (EMS) a distributor of aluminium extrusions and related products.
Founded in 1982 and headquartered in Lake Worth, Florida, EMS started with just five employees and has grown to employ approximately 800 today. Their single Florida location has also grown into fourteen nationwide distribution centres and manufacturing facilities, totalling nearly 1.5 million square feet under roof.
“We have built and grown EMS by providing our customers with exceptional service, just-in-time delivery and a wide breadth of value-added products. Wynnchurch shares this commitment and we are excited to partner with them
Ropes & Gray has advised Paine Schwartz Partners, a specialist in sustainable food chain investing, on Paine Schwartz Food Chain Fund V, which has closed with USD1.425 billion in total capital commitments.
Fund V, which exceeded its original target and hard cap due to oversubscribed demand and strong support from its investors, is Paine Schwartz’s largest fund to date, representing a global base of limited partners from the US, Canada, Europe, Middle East and Asia.
Consistent with Paine Schwartz Food Chain Fund IV, Fund V will focus exclusively on attractive investment opportunities along the food and agribusiness value chain. Paine Schwartz has a 20-plus year
Harbinger Ventures, a growth-equity investment firm focused on scaling early-stage, female-led companies in the consumer space, has closed its second fund with USD21.7 million of committed capital.
Fund II closed with nearly universal participation from investors in the first fund, as well as a number of new investors. Following the success of Harbinger Ventures’ pilot fund in 2016, which allowed the firm to be an early lead investor in successful startups like Once Upon A Farm and Cora, Fund II brings the total capital under Harbinger Ventures’ management to USD27.8 million.
“Harbinger Ventures is proving itself as a leading
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
