The Tenfold Monthly

Hello,

As we move past the peak spring recruiting season, we're pleased to report that despite the complexities surrounding fundraising there has been a consistent buzz around recruiting since the start of the year. However, we can point to a clear increase in the competition talent faces when recruiting for these openings. This spring, we saw an uptick in the number of professionals who have reached out to explore new opportunities, which has been influenced significantly by the fundraising dynamics at their current firms. It's a reminder of how crucial timing is in our industry—those considering a shift should ideally have already started reaching out and testing the waters.

Even amidst some fundraising challenges, it's encouraging to witness the launch of several new firms in May. This growth injects fresh momentum into our sector and opens up exciting possibilities. For a closer look at the latest industry spin-outs and newly formed GPs, check out our Industry Insight & News section. Here's to navigating the shifts and opportunities with insight and foresight.

Industry Insights & News

Here are some curated reads from around the web to keep you informed and one step ahead:

• Fengate taps Henderson as IR and capital formation managing director (PEH)

• ECP close to acquisition of UK’s Atlantica Sustainable Infrastructure (YF)

• After spurning Kimmeridge, US producer agrees to merger with another company (USO)

• Invidia Capital Management Announces Healthcare Investment Firm Launch with Strategic Investment from GCM Grosvenor (WGNO)

• Goldman Sachs Healthcare Veteran Jo Natauri Sets Up Invidia Capital (WSJ)

• Kaiser Permanente’s Private-Equity Binge Leads to Sell Off (WSJ)

• Investors 'cautiously optimistic' about the state of the digital health market (FHC)

• InTandem Capital Partners Announces Investment in Adams Clinical (MS)

• Microsoft Enters Agreement for More Than 10.5 GW of Renewable Energy (APPA)

• Lazard hires veteran healthcare dealmaker Colocci as vice chairman (MS)

Fundraising & Deal News

Discover the latest financial milestones and transformative deals in our sector-focused roundup:

• KKR Investment Vehicle for Mass Affluent Raises $1.8 Billion (YF)

• EnCap Energy Transition closes $1.5bn Energy Transition Fund II (PEH)

• Goldman Sachs raises more than $20bn for direct lending (RT)

• Clean Energy Ventures Closes $305M Fund II Aiming to Mitigate 75 Gigatons of Emissions by 2050 (CEV)

• Energy Capital Partners raises $6.7 billion for latest flagship buyout fund (P&I)

• Pennybacker Closes Fund VI With $1.6 Billion of Committed Capital, Exceeding Target (PRN)

• CapMan Infra doubles previous total for latest Nordic fundraise (AA)

• KKR eyes more than $300bn of fresh capital through 2026 (PEI)

• Eir Partners wraps up sophomore fund at $496m (BO)

• Energy investor Quantum nabs bulk of Fund VIII’s $3.5bn target (BO)

Open Roles & Opportunities

Are you seeking new horizons, or do you know someone who is? We're actively engaging with talent across several dynamic sectors. Contact us to learn more about these opportunities.

• Principal/Director in Renewable Energy: Join a PE fund poised to shape the future with significant capital for energy infrastructure.

• Senior Associate in TMT & Digital Infrastructure: Be part of a DC-based fund known for its consistent top-quartile performance and comprehensive involvement from early to late-stage buyouts.

• Associate/Senior Associate: Dive into a role that challenges and expands your expertise with a Southern California-based fund dedicated to infrastructure and energy services.

What Our Clients & Candidates Are Saying

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Staying ahead means staying informed and connected. As we wrap up this month's edition of The Tenfold Monthly, we look forward to bringing you more insights, opportunities, and success stories. Remember, the right connection can transform your career path or business. Here's to creating those opportunities and embracing the changes that drive us forward.

Until next month,
The Tenfold Team