| Blackstone to raise $150bn; Stifel backs women-owned health and wellness companies Happy Friday, Hubsters.
MK here, with today’s Wire. Looks like it’s going to be a huge year for PE fundraising.
Big appetite. “Our customers are constantly in our store, and our shelves are full, which results in Blackstone gaining a huge percentage of repeat business,” said chairman and CEO Steve Schwarzman in a call with investors yesterday. Blackstone announced plans to raise a massive $150 billion in its next fundraising cycle.
3 in a row. Godspeed Capital just announced its third acquisition in three weeks, with promises of many more to come.
Who run the world? Girls. Stifel has made a minority investment in LFE Capital, a growth equity firm focused on backing women-owned and managed health and wellness businesses.
Deal of the Year: Get your nominations in now for your best exits (either full or majority) that closed in 2021. Awards are given in seven categories: overall deal of the year, large-cap, middle-market, small-cap, international, turnaround and secondaries. Deadline is Friday, Feb. 11. Send to Chris Witkowsky, private equity editor, at cwitkowsky@buyoutsinsider.com. Go here for all the rules and regs!
Weekend reading. Check out our series of Q&As with high-profile PE pros, including Pam Hendrickson, vice-chairman of The Riverside Company; Randy Schwimmer, co-head of senior lending at Churchill Asset Management and founder and publisher of The Lead Left; and David Grain, founder and CEO of Grain Management.
Bon weekend, MK
Read the full wire commentary on PE Hub ...
Also of note (may require subscriptions) M&G has bought ResponsAbility, a private debt impact firm for emerging markets, “to jump two or three years ahead” in the scrum for investment firms to develop impact strategies. (New Private Markets)
PE firms will be focused over the coming year on talent management, product expansion, and their ability to incorporate ESG issues, finds a recent survey by Ernst & Young. After a year of rapid growth, PE firms are moving toward an “institutional mindset,” a natural step for any maturing industry. (Institutional Investor)
"Berkshire Partners has amassed $1.5 billion to help extend its hold on Parts Town through a secondary deal, according to people familiar with the matter, the latest such transaction for a high-growth private-equity portfolio company." (WSJ Pro)
"Private-fund managers sometimes give investors misleading information about fees and performance, said the Securities and Exchange Commission, which highlighted several types of violations found by examiners as the regulator considers stronger rules for private-equity and hedge-fund managers." (Wall Street Journal)
"Newly independent VMware is recommending shareholders reject an “unsolicited mini-tender” offer by private equity firm TRC Capital to purchase up to 1 million shares of its Class A common stock due to several concerns regarding the firm’s offer." (CRN)
"Inspect Point, a [startup in Troy, N.Y.], has secured $28 million from [private equity firm Mainsail Partners] to further expand the reach of its software for the fire inspection industry." (Times Union)
PE Deals 
They said it “Our customers are constantly in our store, and our shelves are full, which results in Blackstone gaining a huge percentage of repeat business.” — Steve Schwarzman, Chairman and CEO, Blackstone
Today's letter was prepared by MK Flynn Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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