Latest news with #secondaryfund
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Painswick Capital Raises $1.5 Billion for Booming Secondary Deals
Recently formed Painswick Capital Management tapped growing investor appetite for secondhand private-equity deals involving a single company to raise about $1.5 billion for the firm's debut secondary fund. The final tally for Painswick Capital Fund I surpassed the firm's $750 million target and marks New York-based Painswick's first fund since its founding last year by John Garcia in partnership with midmarket-focused AEA Investors, another private-equity firm in the city. Garcia remains nonexecutive chairman at AEA, where he had worked for more than two decades, including as chief executive.
Bloomberg
05-06-2025
- Business
- Bloomberg
Neuberger Berman Raises $4 Billion for New Secondary Fund
Neuberger Berman has raised more than $4 billion for its latest general partner-led secondary fund despite a challenging environment for private capital fundraising. NB Strategic Capital Fund II also received additional capital commitments from its limited partners, according to a statement reviewed by Bloomberg News. The final amount exceeded the fund's initial target of $2.5 billion as well as the size of its predecessor fund, which raised $955 million in 2020.
