Allegro hunts for targets with ‘wrinkles’ after $600m raising

Private equity group Allegro is on the hunt for buyout targets with “wrinkles”, as it prepares to deploy $600 million raised from about 35 investors in a new fund.

Chester Moynihan, a founding partner at Allegro, thinks there is fertile ground for private equity over the next few months, as the stresses and strains of the pandemic put extra pressure on business owners.