trending Market Intelligence /marketintelligence/en/news-insights/trending/GLCD9FMLHO8dgxOeGuRmPw2 content esgSubNav
In This List

Report: Dyal Capital raises $5.3B to buy stakes in PE firms

Podcast

Street Talk | Episode 111: Bearish bank investor turns bullish

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Banking Essentials Newsletter: 3rd May Edition

Blog

Banking Essentials Newsletter: 19th April Edition


Report: Dyal Capital raises $5.3B to buy stakes in PE firms

Neuberger Berman Group unit Dyal Capital Partners has raised $5.3 billion for Dyal Capital Partners III fund, exceeding its target of $2.5 billion to $3 billion.

The fund will buy minority stakes in alternative assets managers, Bloomberg News reported, citing "a person familiar with the matter." It is structured as an evergreen pool with no formal end date for existing investments.

Dyal used some of the raised capital to buy stakes in Vista Equity Partners, EnCap Investments LP, Silver Lake Management, HIG Capital, Starwood Capital Group and KPS Capital Partners LP, the news outlet reported.

Investors include New York State Common Retirement Fund, New Jersey, State Teachers Retirement System of Ohio, Alaska Permanent Fund Corp. and several corporate pensions, according to the report. Investors will receive ongoing fee income from the underlying asset managers and may be allowed to exit by selling shares in Dyal's portfolio to the public.