Madeline Shi

The term “fundless sponsor” has long had a hint of failure about it, the sense that a sponsor is without a fund because they were unable to raise one.

Josie Doan/PitchBook News There's a rule that most companies going public abide by.

Technology-focused private equity firm Francisco Partners has bolstered its war chest by nearly a third, bucking a fundraising slowdown that has squeezed many other tech-focused managers.

Artificial intelligence is helping speed up private equity dealmaking, but not necessarily making it better, according to delegates at the ACG SEA Northwest Middle Market Growth Conference in Seattle.

Listed private market managers are increasingly looking to M&A to bolster their investment capabilities, create distribution synergies and bolster their fee-paying AUM.

The co-CEO of KKR has warned against viewing alternative asset classes through a uniformly negative lens amid a record quarter for the private equity giant.

Bernhard Capital Partners is returning to the fundraising trail for its fourth fund to invest in infrastructure services companies, as it looks to capitalize on surging power demand in the US.

Amid growing doubts about whether the AI infrastructure market is experiencing overbuilding, Wall Street's largest money managers appear to believe the answer is no.

MediaNews Group/Getty Images Monogram Capital Partners said Tuesday it closed a single-asset continuation fund for its portfolio company, Mountaintop Beverage, whose manufacturing growth would take longer than its fund’s remaining life. Apollo S3 led the continuation fund, which was sized at about $300 million, Jared Stein, co-founder and partner of Monogram, told PitchBook. Others in the Mountaintop CV, which are not typical secondary investors, included Partners Capital, an OCIO that manages m

Last week, the CEO of Apollo Global Management, Marc Rowan, spoke of the “brain damage” that comes from buying other asset managers. At the heart of this is a thorny question: How do you get rainmakers to stick around once their firm is folded into a larger corporate structure? Economics is a key consideration. When an asset manager acquires another, the buyer tends to claim 100% of the seller’s management fees, according to several advisers who work on these deals. They give these predictable,