Sat, May 30, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Vistria Group wraps up third private investment fund at $1.11bn

Wednesday, January 08, 2020

Laxman Pai, Opalesque Asia:

Vistria Group, an investment firm co-founded by a friend of former President Barack Obama, is nearing the close of its third fund at $1.11 billion.

The Chicago, IL-based private investment firm focused on the middle market said in a press release that capital commitments include a $100 million commitment from the firm's Principals and Operating Partners.

Vistria Fund III was oversubscribed and closed at its hard cap. It also exceeded its $800 million fundraising target and is 27% larger than its predecessor fund, Vistria Fund II, which closed in 2017.

Vistria has closed three private equity funds and several co-investment vehicles since the closing of its first fund in 2014. Over that same period, Vistria has completed 20 portfolio company investments. Vistria Fund I closed with over $400 million in commitments.

Together with several co-investment vehicles raised since 2014, Vistria now manages more than $3.0 billion of institutional capital.

Investors in the current fund include the $54.1 billion Maryland State Retirement & Pension System, Baltimore; $43.8 billion Illinois Municipal Retirement Fund, Oak Brook; $37 billion Connecticut Retirement Plans & Trust Funds, Hartford.

Martin Nesbitt, co-CEO and senior partner of Vistria. "The successful closing of Fund III will allow us to further capitalize on the investment opportunities that we are currently seeing in the middle market and reflects the strength of our differen......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Study: Emerging market bond issuers take hit as global recession deepens, The coronavirus pandemic could cost the global economy a nightmarish $82tn over 5 years, a Cambridge study warns[more]

    Emerging market bond issuers take hit as global recession deepens Increasing credit stress evident amongst many high-yield EM non-financial corporates as coronavirus disruption takes its toll, says Moody's. 74 out of 106 rated EM sovereigns have a stable outlook as of 30 April 2020 (compa

  3. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.

  4. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  5. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M