Carmela Mendoza
The firm has gathered $12.5bn for Dyal Capital Partners V and expects to close on $13bn by year-end.
The PE giant recorded $950.9bn of assets as of 30 September, rising 30% year-over-year, as it reels in nearly $50bn of inflows across strategies in the quarter.
Major GPs introduce more diversified products in a bid to beat stormy fundraising environment.
Former co-CEO William Conway will serve as interim chief; newly formed office of the CEO will help find a permanent successor.
Areas that represent continued growth for the firm include credit, investment solutions and infrastructure, chief executive Kewsong Lee said on the firm's second quarter earnings call.
Talent outflows are putting LPs in a difficult position at a time when having a sufficient number of experienced staff has become more important than ever.
The London-headquartered firm, which could seek as much as £1bn for its fifth mid-market Europe PE fund, also expects to launch and seed new strategies this year.
The firm expects to more than double capital raised from the private wealth channel in the near term, said co-chief executive Scott Nuttall on the third-quarter earnings call.
The firm brought in $10.4bn during the second quarter, more than double the amount it raised in Q2 2020.
An increase in interest rates in the near term would have a 'positive impact' on the asset manager's business, according to chief executive and CIO Benoît Durteste.
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