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

Platinum Equity rakes in $10bn for its fifth flagship fund

Wednesday, January 08, 2020

Laxman Pai, Opalesque Asia:

The U.S. buyout firm Platinum Equity Partners raised $10 billion for its largest fund yet, surpassing an $8 billion target.

The vehicle puts Los Angeles-based firm among a select group of private equity shops to have raised at least $10 billion for a single fund.

The firm began officially marketing its Platinum Equity Capital Partners V LP early this year and had raised more than $7 billion for the fund by July.

The previous fund, $6.5 billion Platinum Equity Capital Partners IV, closed in 2017 but had already made its first investment in 2016.

The new fund will invest in the complex transaction using the firm's mergers, acquisitions, and operations strategy.

Mark Barnhill, the Platinum Equity partner responsible for leading the capital raise, claimed Fund V generated high demand from a diverse range of institutional investors around the world. More than 250 subscribers from 30 countries invested in the fund.

"The investor base is diverse but has certain common threads, including an emphasis on finding managers with deep operational capabilities, differentiated strategies and a demonstrated track record across multiple economic cycles," he said.

Investors in Platinum Equity Capital Partners V include the $59.1 billion Pennsylvania Public School Employees' Retirement System, Harrisburg; $26 billion New Mexico State Investment Council, Santa Fe; $20.2 billion Louisiana Teachers' Retirement System, Baton Ro......................

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