trending Market Intelligence /marketintelligence/en/news-insights/trending/GLCD9FMLHO8dgxOeGuRmPw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

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

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


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.