Kirk Falconer

The firm's co-chief executive says barriers to entry in the private assets industry have gone up.

Second-ever risk alert rings alarms over accurate disclosures, advertising, books-and-records, due diligence and hedge clauses.

Blackstone's assets managed are expected to hit the $1trn mark in the year ahead, chairman and CEO Stephen Schwarzman said.

The amount raised provides Fund IV with just under half of its $4.5bn target, reported last year by affiliate title Buyouts.

Ares’ Special Opportunities was launched in 2017 by Scott Graves, a partner and co-head of the private equity group, who joined the same year following a career at Oaktree Capital Management.

About 90% of Penfund’s deals involve mid-market companies backed by sponsors like Leonard Green & Partners, Hellman & Friedman, Genstar Capital and OMERS Private Equity.

Gensler’s overarching goal, he said, is to 'bring more sunshine and competition to the private funds space'.

Crescent in January sold a 51% stake to SLC Management, the alternative asset unit of Sun Life, for up to $338m.

Fund II’s expected closing comes four years after BC Partners hired Apollo Global Management’s Ted Goldthorpe to create and lead a New York-based private debt strategy.

'We want to create an institutional-quality product for the retail market,' BCP Credit head Ted Goldthorpe, a former Apollo Global Management executive, says.