Kirk Falconer

Accelerating GP demand for fund capital is at odds with today’s supply crunch, caused by widespread LP overallocation.

CVs continue private equity's history of innovation and evolution and will likely become part of the asset class's long term set of options for exits, co-managing partners Jeff Rhodes told Buyouts.

Because of the supply crunch, GPs have since 2022 been keeping their funds open longer, hoping to wait out LPs with liquidity issues caused by overallocation and weak distributions.

'This is the best time ever for investing – and yet it’s hard to get capital,' said Ryan Hinkle, managing director of Insight Partners.

If 20% of expected climate investment is accounted for by private markets, TPG executive chairman Jim Coulter said, 'spending... will be bigger than the entire private equity industry is today.'

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

'We went from everybody wants to have an ILPA template to everybody wants ILPA-plus,' Petra managing partner Stephen Coats said.

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

'In today’s environment, as prices continue to go up, our emphasis will be on keeping our head down and investing heavily in capabilities to create our own deal opportunities,' Sperling says.