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New Mountain Capital has hit a $1.2bn final close for its second non-control fundraise, almost double the total it collected for its debut vehicle in the strategy.
The post New Mountain beats hard cap in $1.2bn close of second non-control PE fund appeared first on AltAssets Private Equity News.
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The number of Americans who applied for unemployment benefits fell in early January to a 1½-month low and dropped below the key 200,000 threshold for only the second time in a year, possibly a sign of improvement in a frail U.S. labor market.
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Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.
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Multi-strategy investor Davidson Kempner Capital Management has bolstered its asset-backed private credit fund capital with a more than $1.1bn final close of its sophomore fund in the strategy.
The post Davidson Kempner seals over $1.1bn for second asset-backed private credit fund appeared first on AltAssets Private Equity News.
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