Saudi Arabia’s PIF Plans to Anchor King Street’s Regional Credit Fund
Saudi Arabia’s Public Investment Fund (PIF) has signed a memorandum of understanding to anchor a new private credit fund managed by King Street Capital. The fund will focus on financing opportunities across Saudi Arabia and the broader MENA region, tapping into a growing demand for non‑bank credit. PIF’s involvement signals a strategic push to diversify the kingdom’s financial ecosystem beyond oil. King Street brings its global credit expertise to help structure and originate deals in emerging markets.
Latour Capital Seals €400m Close for Oversubscribed Debut Small Cap Fund, Less than a Year After Launch
Latour Capital, a French private‑equity firm, announced a €400 million ($432 million) final close on its debut small‑cap fund, achieving the target in under a year since launch. The fund was oversubscribed, reflecting strong investor appetite for Europe’s lower‑mid‑market opportunities. Latour aims...
VC Investor Eclipse Brings AUM to $10bn with New Double Fund Close
Silicon Valley venture firm Eclipse closed a $1.3 billion dual‑fund raise, lifting its assets under management to roughly $10 billion. The capital infusion marks the firm’s largest fundraising round to date and signals robust limited‑partner demand for later‑stage technology investments. Eclipse plans...
Nova Infrastructure Scores Big Fund Size Jump with $1.45bn Fund II Final Close
Mid-market infrastructure specialist Nova Infrastructure announced a $1.45 billion final close for its second fund, surpassing its original target by more than 30%. The fundraising milestone marks a substantial jump from its inaugural fund, which closed near $1.1 billion. The new capital...
Private Equity ‘Tertiaries’ Pioneer Netley Capital Expands Deployable Capital to $825m
Netley Capital, a pioneer in private‑equity “tertiaries,” has secured additional commitments, raising its deployable capital to about $825 million. The firm focuses on secondary market investments that provide liquidity to limited partners in mid‑market buyouts. The capital increase reflects strong investor...
ArcLight Powers to $3.9bn Final Close for Its Biggest Fund yet, 30% Above Target
ArcLight Capital Partners announced the final close of its eighth fund at $3.9 billion, roughly 30% above the $3 billion target. The oversized raise makes Fund VIII the firm’s largest vehicle ever and underscores strong demand for energy‑focused private equity. The fund...
Deal Roundup: EQT Life Sciences Exits Tubulis to Gilead, Foresight Scores 4x Return Selling TES to Legrand
EQT Life Sciences has exited its minority stake in Tubulis, the German clinical‑stage biotech developing next‑generation antibody‑drug conjugates, selling the position to Gilead Sciences. The transaction adds a promising ADC platform to Gilead’s oncology portfolio. In a separate deal, private‑equity...
Carmel Partners Falls Short of Record Fund Total with $1.35bn Fund 9 Final Close
Carmel Partners announced the final close of its ninth multifamily value‑creation fund at $1.35 billion, falling short of the $1.58 billion raised for the prior vehicle in 2023. The fund targets U.S. apartment assets, aiming to generate returns through active management and...
HIG Co-Founder Sami Mnaymneh Steps Back, Firm Veteran Brian Schwartz Named CEO
HIG Capital announced that long‑time executive Brian Schwartz will assume the role of chief executive officer, succeeding co‑founder Sami Mnaymneh who is stepping back from day‑to‑day operations. Schwartz has been with the firm for more than two decades, most recently...
Blue Owl Seals $2.9bn Hard Cap Close for Opportunistic Asset-Backed Credit Fund
Blue Owl Capital announced a hard‑cap close of $2.9 billion for its newest opportunistic asset‑backed credit fund, marking the final fundraising round for the vehicle. The fund will pursue distressed loans, structured credit and other asset‑backed opportunities across North America. Investor...
KKR Raises $23bn for Biggest PE Fund Solely Dedicated to North American Dealmaking
KKR announced the final close of its newest North America‑focused private equity fund, raising approximately $23 billion. The vehicle is now the largest PE fund dedicated exclusively to dealmaking on the continent. It will target mid‑market buyouts across sectors such as...
Deal Roundup: Hg Takes OneStream Private at Roughly $6.4bn Equity Valuation, Oak Hill Buys Into Guild Garage Group
Hg has completed an all‑cash take‑private acquisition of OneStream, valuing the enterprise finance management platform at roughly $6.4 bn in equity. The transaction adds a leading cloud‑based corporate performance management solution to Hg’s technology portfolio. By buying the company outright, Hg...
Fremman Capital Flies Past Fund II Target to Reach €808m Final Close
Fremman Capital announced that its second private‑equity fund closed at €808 million, roughly $880 million, exceeding the original €750 million ($818 million) target. The final close was achieved in under 18 months, indicating strong investor appetite. The fund will continue Fremman’s pan‑European buy‑out strategy across...
Align Capital Partners Picks up More than $400m for Proceed Continuation Fund
Align Capital Partners has secured roughly $405 million for a continuation fund dedicated to Proceed, its tech‑enabled legal services platform. The capital will support Proceed’s next phase of growth, including product development and potential acquisitions. The continuation vehicle allows existing investors...
Heavy Oversubscription Sees Japan’s NSSK Strike JPY250bn Fund IV Hard Cap
Nippon Sangyo Suishin Kiko (NSSK) closed its fourth private‑equity fund at the hard‑cap limit of JPY250bn (approximately $1.7bn) after the fund was more than twice oversubscribed. The strong demand underscores a renewed appetite among institutional investors for Japanese mid‑market buyout...
NY Life Insurance Arm Apogem Capital Seals $1.43bn Hard Cap Close for New Secondaries Fund
Apogem Capital, the private‑equity arm of New York Life Insurance, announced a hard‑cap final close of $1.43 billion for its latest secondaries fund. The fund will focus on acquiring secondary stakes in private‑equity portfolios, offering liquidity to existing limited partners. The capital...
British Business Bank Hits £200m First Close in First External Capital Raise
The British Business Bank secured a £200 million (approximately $256 million) first close in its inaugural external capital raise. This marks the bank’s first time tapping private‑sector investors beyond government funding. The capital will be deployed to expand SME lending, support green...
Asian Circular Economy Specialist Circulate Capital Passes Fund I Total with $220m Fund II First Close
Singapore‑based Circulate Capital announced a $220 million first close of its second fund, bringing Fund II to the same size as its inaugural Fund I. The new capital will be deployed across South and Southeast Asia to back circular supply‑chain and recycling ventures....
Lime Rock Unveils Succession Strategy, Co-Founders to Step Back After Almost 30 Years
Lime Rock Partners, a private‑equity firm specializing in oil and gas assets, announced a formal succession plan as its co‑founders step back after nearly three decades. Jeffrey Schofield has been appointed president and will assume day‑to‑day management responsibilities. The transition...
OKCupid Co-Founder, Ex-Norwest Equity GP Score $100m for Latest Corazon Capital Fundraise
Corazon Capital, the early‑stage consumer venture firm co‑founded by OKCupid creator Sam Yagan, announced a $100 million final close on its fourth fund. The round was anchored by an ex‑partner from Norwest Equity, adding credibility and capital depth. The fund will...
Deal Roundup: Hg Exits Geomatikk to Axcel, Inflexion Agrees Marioff Buyout
Hg has fully exited its investment in Geomatikk, selling the tech‑enabled underground infrastructure software provider to Axcel, a leading Nordic private‑equity firm. Geomatikk offers digital mapping, asset‑condition analytics, and cloud workflow tools for utilities and municipalities. In parallel, Inflexion has...
17Capital Seals $7.5bn for Biggest NAV Loan Fundraise Yet
Private credit manager 17Capital has closed its newest NAV loan fund, securing $7.5 billion in commitments. The raise creates the largest NAV‑linked loan vehicle ever assembled, surpassing previous private‑credit offerings. The fund will focus on senior secured loans to companies backed...
Abenex Beats Second Small Cap Fund Target with €180m Close After over Two Years in Market
French private equity firm Abenex announced that its second small‑cap fund closed at €180 million, surpassing its original fundraising target. The final close came after more than two years of marketing to limited partners. The fund, aimed at European small‑cap companies,...
Software, AI-Focused Conviction Partners Out Raising Third Fund, Second Expansion Vehicle
Conviction Partners, the AI-native software investor founded four years ago by former Greylock partner Sarah Guo, announced the launch of its third flagship fund alongside a second expansion‑stage vehicle. The firm is returning to the market to raise fresh capital aimed...
Deal Roundup: Advent Helps Shield AI to $12.7bn Valuation, Lone Star Completes AGI Buyout From Audax, Greenbriar Equity
Advent International led Shield AI’s Series G round, lifting the aerospace and defence technology firm’s valuation to $12.7 billion. The capital infusion supports the company’s push to scale autonomous, AI‑driven drone platforms for military customers. In the same roundup, Lone Star...
Early 2026 Secondaries Activity Suggests Ongoing Opportunity in Asset Class: Elm Capital
Elm Capital reports that early‑2026 secondary market activity remains robust as limited partners and general partners turn to secondary transactions for liquidity. The trend reflects a challenging distributions environment, prompting investors to sell or buy portfolio stakes to manage cash...
Ex-L Catterton Partner Leeds Hits $500m Hard Cap for Sophomore Forward Consumer Partners Fundraise
Forward Consumer Partners, founded by former L Catterton partner Matt Leeds, has closed its sophomore fund at the $500 million hard cap. The private‑equity vehicle targets consumer‑focused, growth‑stage companies and reached its fundraising goal ahead of schedule. The capital raise underscores...
SBIC Critical Tech Approval Helps VC Firm First In to $148m of New Fund Firepower
Early-stage venture capital firm First In has secured $148 million in new capital after its third fund closed oversubscribed. The fund’s success was bolstered by a Small Business Investment Company (SBIC) critical‑technology approval, which expands the firm’s access to government‑backed financing....
Deal Roundup: KKR Said to Agree $2bn Nothing Bundt Cakes Buy, Sagewind Capital to Sell Aechelon to Shield AI
KKR is set to acquire bakery chain Nothing Bundt Cakes from Roark Capital for more than $2 billion, including debt, adding a franchise that operates over 500 locations in the U.S. and Canada and generates roughly $120 million in EBITDA. Sagewind Capital will sell...
“Founders Hold the Keys to America’s Victory”: Overmatch Ventures Raises $250m Second Fund
Overmatch Ventures announced the close of its oversubscribed second fund, raising $250 million to back early‑stage deep‑tech, defense and space companies. The capital will be deployed to founder‑led startups developing technologies deemed critical to U.S. national security. By targeting high‑risk, high‑reward...
Anthony Pritzker Family-Backed PAS Raises $385m to Back Emerging PE Managers
Pritzker Alternative Strategies (PAS) closed its inaugural fund at nearly $385 million, targeting emerging private‑equity managers across the United States and Europe. The capital will be allocated to buyout funds that lack large‑scale backing, giving smaller sponsors a runway to scale...
Pictet Alternative Advisors Pulls in over €400m for Debut Direct Private Equity Fund
Pictet Alternative Advisors closed its inaugural direct private‑equity fund with just over €400 million – roughly $430 million – at the final close. The capital will be deployed into mid‑market European buyout opportunities, marking the firm’s first dedicated direct‑PE strategy. The fund’s...
O2 Investment Partners Brings in Ex-Levine Leichtman, HIG Capital Raising Expert Rob Hays as Head of IR
Private equity firm O2 Investment Partners appointed Rob Hays, a veteran of HIG Capital and Levine Leichtman, to lead its investor‑relations function. Hays previously held senior IR roles at Franklin Templeton, Levine Leichtman, and CleanBridge Securities. The hire follows O2’s...
PSERS to Commit up to $275m Across Warwick Partners, LS Power Funds
The Pennsylvania Public School Employees’ Retirement System (PSERS) announced commitments of up to $275 million to two private‑market funds managed by Warwick Partners and LS Power. The allocations are earmarked for infrastructure and renewable‑energy projects and will be drawn down over...
Hybrid Advisors, Faithstone Capital Eye $3bn Fund of Funds Platform Through New Joint Venture
Hybrid Advisors and Faithstone Capital Partners have formed a master joint venture, Hybrid Faithstone, to expand the Hybrid Advisors platform into a $3 billion fund‑of‑funds vehicle. The partners aim to raise and deploy the capital over the next 18 months, creating...
Early Mover AI Investor Air Street Capital Continues Rapid Fund Size Growth with $232m Fund III Close
Air Street Capital has closed its third venture fund at $232 million, almost twice the size of its second fund. The new capital will be deployed into early‑stage artificial‑intelligence startups, building on the firm’s track record of backing market‑defining technologies. The...
Lead Edge Capital Scores Biggest Capital Raise yet with Oversubscribed $3.5bn Fund VII
Lead Edge Capital announced the close of its seventh private‑equity fund with $3.5 billion of commitments, making it the firm’s largest raise to date and an oversubscribed transaction. The new Fund VII will focus on investments in software, internet platforms and...
Outlook Bright for Global PE Secondaries, Volume Expected to Reach New Record This Year: Houlihan Lokey
Houlihan Lokey’s LP Compass survey of nearly 60 active secondary market participants finds 86% expect private‑equity secondaries volume to eclipse last year’s $225 million record in 2026. Growth is attributed to a slowdown in distributions, expanding non‑buyout strategies, and heightened participation from...
Deal Roundup: Bain Capital Buys Into Egeria’s Duravent, Ronin Completes GP Secondary Investment in AeriTek
Bain Capital’s special situations team has taken a strategic growth stake in Duravent Group, the Egeria‑backed provider of venting and air‑quality solutions. The investment is described as “significant,” indicating a sizable capital infusion. In a separate transaction, Ronin Capital completed...
Ares Leads Continuation Fund for MCH Private Equity’s Europastry
Ares Capital has taken the lead on a continuation fund for MCH Private Equity’s frozen baked‑goods platform, Europastry, which operates across Spain and Portugal. The €200 million vehicle allows MCH to maintain its stake in the business beyond the typical private‑equity...
EquipmentShare Founders Seal $25m for Oversubscribed Sophomore Redbud VC Fundraise
Redbud VC, a pre‑seed investor, closed its sophomore fund at $25 million. The raise was oversubscribed and represents a five‑fold increase over its inaugural vehicle. The round was anchored by the founders of EquipmentShare, who joined as limited partners. The new...
BNP Paribas AM Alts Seals $722m Infra Secondaries Fund Close, Is Already Planning Successor Raise
BNP Paribas Asset Management Alternatives closed a $722 million infrastructure secondaries fund, marking its second fund close in a single month. The vehicle targets secondary market transactions in the growing infrastructure sector. The rapid close underscores strong investor appetite for diversified,...
Ares Secondaries Anchors Oversubscribed CV for Fremman Capital’s Fast -Growing Kids Planet
Pan‑European private‑equity firm Fremman Capital has closed an oversubscribed continuation vehicle (CV) for its UK nursery chain Kids Planet, with Ares Secondaries acting as anchor investor. The fund, which exceeded its target size, provides liquidity to existing shareholders and additional capital...
HarbourVest, Pantheon Enable $1.1bn Continuation Fund for QHP Capital’s Azurity Pharmaceuticals
QHP Capital secured a $1.1 billion final close for a single‑asset continuation vehicle centered on its portfolio company Azurity Pharmaceuticals. The fund is being structured with the backing of secondary market specialists HarbourVest and Pantheon. The vehicle will extend Azurity's investment...
Lone Star Bring in over $1bn for Latest Residential Mortgage Fund, Says ‘Tailwinds Will Drive Growth’
Lone Star Funds announced it has raised more than $1 billion for its newest residential mortgage fund, underscoring strong investor appetite for mortgage‑backed assets. The capital will be deployed into U.S. single‑family loan portfolios, where the firm sees a sizable opportunity...
Deal Roundup: KKR Buys Into Indian E-Bus Fleet in $310m Deal, Warburg Pincus Backs TheGuarantors
Private equity giant KKR is investing up to $310 million to acquire a majority stake in Allfleet, the electric‑bus platform of India’s PMI Electro Mobility Solutions, aiming to deploy more than 5,000 e‑buses. Warburg Pincus has taken a controlling interest in...
Partech Picks up €300m for Debut Impact Fund Amid ‘One of the Most Challenging Fundraising Environments of the Past Decade’
Partech has closed its inaugural impact fund, raising €300 million. The capital will be deployed to European B2B technology firms that are reshaping global value chains. The close occurs amid what the firm calls one of the most challenging fundraising environments...
TIAA Arm Nuveen RE Picks up $330m From Australian Superannuation Trio for US Cities Retail Fund
Nuveen Real Estate, the real‑estate arm of TIAA, has closed a $330 million commitment from three Australian superannuation funds for its US Cities Retail Fund. The capital represents the largest allocation to the strategy from the region, underscoring growing appetite for...
InfraVia Continues Powerful Fund Size Increases with €8bn Flagship Europe Vehicle
InfraVia Capital Partners has closed its sixth flagship fund at a hard cap of €8 billion, marking another sizable increase in its capital-raising track record. The new vehicle will invest in essential infrastructure assets across Europe, ranging from energy and transport...
Sands Capital Scores $1.1bn Close for Third Global Innovation Fund
Sands Capital announced the final close of its third Global Innovation Fund, securing $1.1 billion in commitments. The fund targets "category‑defining" companies that are scaling rapidly within private markets. This capital raise follows two prior funds that have built a reputation...
