Seraya Partners CIO James Chern says the firm is researching the prospects for its second fund, as its first vehicle nears full deployment.
A growing number of managers are raising several funds simultaneously, raising the spectre of cannibalisation.
InfraRed's sixth value-add mid-market flagship is 80% deployed as it reaches a final close.
Our ranking has grown from 30 to 100 GPs and from $153bn to $1.1trn in 10 years. And for the first time, Macquarie’s not on top. In this podcast, we discuss the ranking's evolution.
The subpar fundraising environment of the past two years has played a role in spurring interest in co-investments, but it’s not the only driving force behind the rising trend.
Macquarie, which has topped our ranking since inception, has now dropped to fourth place, as the II 100 reaches $1.1trn.
‘All of our exits were above holding value,’ head of global infra Niall Mills told us as the 2009-vintage posts 2.6x average money multiple.
A slight year-on-year improvement in fundraising is unlikely to carry the year in the absence of any mega-fund closes.
The firm is seeking 12% IRR for Brookfield Global Transition Fund II, slightly higher than its predecessor.
The partnership will use bridge financing to help mid-market assets in Asia and elsewhere to grow and attract more mainstream financing.