Emerging manager-focused Pacenote launches with first fundraise

The placement agent will seek relationships with independent sponsors and lower-mid market buyout, growth and late-stage venture funds.

Pacenote Capital, the new private equity placement platform, will focus on working with lower mid-market emerging managers not broadly known in the institutional marketplace, co-founder Casey Peters told Private Equity International.

Pacenote, which officially launched on 9 September, is formally engaged with a GP targeting $150 million for a fund coming to market on 1 October. It has a pipeline of funds targeting between $75 million and $400 million, and its sweet spot will be sub-$250 million funds in late-stage venture, growth equity and buyouts, Peters said.


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