The nation’s largest state pension system is betting that more co-investments and better diversification can help improve the long-term performance of its private-equity program, which has fallen short of its return benchmarks. Private-equity returns for the more than...
Chat platform Discord has raised $500m in a new funding round led by investment firm Dragoneer Investment Group, a company spokesperson said on Wednesday. The deal values the company at about $15bn, Bloomberg News here had reported earlier. Discord declined to comment...
Investment firm Lexington Partners LP is exploring a sale of its business, part of an increasingly popular niche of the red-hot private-equity industry, according to people familiar with the matter. Closely held Lexington, which specializes in buying secondhand stakes...
Lower midmarket growth firm Aldrich Capital Partners has secured $450m for its second investment vehicle, hitting its hard cap amid strong demand from institutional investors. The vehicle, Aldrich Capital Partners Fund II, exceeded both the firm’s $350m target and the...
STG Partners LLC is pitching its first fund focused on investments in lower midmarket technology deals in a red-hot market for such funds, according to people familiar with the fundraising. The Palo Alto, Calif.-based midmarket technology investor, previously known as... 