LPs are drawn to first-timers formed in spinouts from big, brand-name PE firms.
Alpine will "continue to look for partnerships with other like-minded firms in complementary engineering and infrastructure verticals," Alpine partner Dan Sanner told PE Hub.
Nearly $475bn of fresh capital was secured by 854 buyout, growth equity, venture capital and other PE vehicles in 2021, up 19% from $399bn raised a year earlier, according to data from affiliate title Buyouts.
The sale is one of several that hit the market since the second half of 2021, when traditional LP portfolio sales came surging back into the market.
Under the new proposal, PE managers would be required to file reports on certain events within one business day, including the removal of a fund’s general partner, the termination of a fund’s investment period and more.
Fundraising this year is being fueled by established firms such as Blackstone Group, Vista Equity, Thoma Bravo and others launching new funds at quick pace.
Why 2022 is already a seismic year for private funds.
Blackstone's assets managed are expected to hit the $1trn mark in the year ahead, chairman and CEO Stephen Schwarzman said.
The PE firm, which focuses on cybersecurity for defense and government agencies, recently bought Varen Technologies and Exceptional Software Strategies.
The proposal comes as the SEC under chairman Gary Gensler puts private equity under tighter scrutiny.