What's the deal with these funds that are permanently in the market? They closed fund 10 at 11bn last year and are now starting to raise fund XI at 13bn. There is no way that fund is more than like 30% invested (if that). How are their LPs okay with this?
| +59 | Working on Juneteenth | 35 | 19h |
| +25 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +24 | From Public Equities to Private Equities | 4 | 5d |
| +20 | How to Get on Career Track / Stay Post ASO years | 6 | 6h |
| +19 | Weighing exit from LMM PC/PE | 3 | 6h |
| +15 | Healthcare PE | 6 | 2d |
| +14 | KKR comp for Principal | 12 | 3h |
| +12 | LMM groups within larger platforms? | 1 | 6d |
| +11 | Reality of the move from LMM to MM | 2 | 4d |
| +9 | MBA and Private Equity | 3 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If I was an LP, I would be pissed. That being said, they probably feel like they have an undersized fund to compete with their peers. Firms like H&F, Advent, Carlyle, etc. have raised $20bn+ so I can see why Apax would want to take advantage of the super hot fundraising market. I don’t know whether they’ll be able to raise the target but it feels like anyone can these days.
Aliquam ut consequatur unde. Non in labore nulla quis quia sapiente. Quam ducimus perspiciatis praesentium assumenda quidem suscipit tenetur. Qui consequatur ducimus eaque exercitationem.
Dolores ut accusantium similique quisquam incidunt maxime. Vel magnam libero quia magni provident sed. Ut et corrupti et quisquam ea.
Et aut voluptatem mollitia et omnis voluptatem accusantium. Sequi et necessitatibus et eum consequatur debitis. Nemo qui nulla voluptatum non ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...