CVC Leads $2.3bn Continuation Fund for Cerberus Capital’s Subsea Communications
CVC Capital Partners has led a $2.3 billion continuation fund that acquires Cerberus Capital Management’s single‑asset stake in Subsea Communications, a specialist provider of turnkey subsea fiber‑optic cable systems. The vehicle, closed by Cerberus, extends its ownership horizon and injects fresh capital into the firm’s growth plans. Subsea Communications supplies critical digital infrastructure that underpins trans‑ocean data traffic for cloud providers and telecom operators. The deal reflects strong private‑equity interest in resilient, high‑margin telecom assets.
Lumina Hits First Close for $200m-Targeting Fund V, Names Co-Founder Brunk to Managing Partner
Canadian life‑science investor Lumira Ventures announced the first close of its fifth fund, targeting roughly $200 million in capital. The milestone underscores continued investor appetite for biotech private equity. In tandem, co‑founder Jeff Brunk has been elevated to managing partner, signaling...
Partners Group Pulls in $9bn of New Secondaries Investment Capital
Partners Group announced the closing of its eighth flagship secondaries programme, securing more than $9 billion in commitments. The capital will be deployed through a closed‑end fund and a suite of related vehicles designed to acquire secondary private‑equity interests. The fundraising...
Sideline Group Sees ‘Offline Economy’ Opportunity, Beats Target with $155m Debut Fund
Sideline Group announced the final close of its debut investment fund at $155 million, substantially topping its original target. The fund, aimed at the “offline economy” – businesses that operate primarily in physical locations – will be complemented by co‑investment and...
Accel Scores $5bn of New Late-Stage Capital Aimed at Leveraging AI Revolution
Accel announced a $5 billion raise of new late‑stage capital, primarily allocated to its growth‑stage Leaders Fund. The fund is positioned to back AI‑driven companies that are scaling beyond early development. By targeting the AI revolution, Accel aims to capture outsized...
Deal Roundup: Schroders Shareholders Back £9.9bn Takeover by Nuveen, TPG Rise Backs Zum at $1.7bn Valuation
Nuveen, the US asset‑manager arm of TIAA, secured approval for its £9.9 billion (≈$12.7 billion) takeover of UK‑based Schroders, with more than 99.9% of shareholders voting in favour. The offer values Schroders at £5.90 per share plus a £0.22 dividend. Once completed,...
AI Megadeals Helped Global VC Investment Surge to Record $330.9bn in Q1 – KPMG
Global venture‑capital investment surged to a record $330.9 bn in Q1 2026, more than double the $128.6 bn recorded in Q4 2025. The jump was powered by ten megadeals exceeding $2 bn each, with AI‑focused firms such as OpenAI, Anthropic, xAI and Waymo absorbing the...
CapVest Said to Clear Target for Sixth Flagship Fund, Reaching €4.5bn
CapVest has closed its sixth flagship private‑equity fund at €4.5 billion, roughly $4.9 billion, surpassing the €3.85 billion target set earlier this year. The closing was confirmed by law firm Simpson Thacher & Bartlett. The oversubscribed raise gives the London‑based firm a sizable war‑chest for European...
Topspin Consumer Partners Beats Hard Cap for $328m Fundraise
Topspin Consumer Partners closed its third flagship fund at a $328 million final close, exceeding the vehicle’s hard cap. The private‑equity firm, which specializes in consumer‑focused investments, announced the oversubscription after a vigorous fundraising period. The capital raise marks the firm’s...
Eka Ventures Brings AUM to $200m with Sophomore Health, Wellbeing and Sustainability VC Fund Close
UK‑based Eka Ventures has closed its second venture capital fund, raising £80 million (approximately $102 million). The new capital brings the firm’s total assets under management to about $200 million, making it the largest early‑stage impact VC in the United Kingdom focused on...
Vesper Infrastructure Partners Picks up over €1bn at Hard Cap Close of Next-Gen Fund
Vesper Infrastructure Partners announced the hard‑cap close of its Next Generation Infrastructure Fund I at more than €1 billion, surpassing its €800 million target. The fund, which raised roughly $1.08 billion, reached the cap in under a year of fundraising. Vesper will deploy...
Lightyear Capital Surges Past Fund VI Goal to Reach $2.5bn Hard Cap Final Close
Lightyear Capital, a New York‑based buyout firm, closed its sixth flagship fund at a $2.5 billion hard‑cap, surpassing the original target. The final close reflects strong investor appetite for mid‑market leveraged buyout strategies. The new capital will be deployed across North...
GoldenTree Gathers $3bn in Latest Tactical Opportunities Credit Fundraise
GoldenTree Asset Management announced that its latest evergreen Tactical Opportunities credit fund has reached the $3 billion hard‑cap limit. The fund, designed to capture opportunistic credit investments, will now be fully funded and ready to deploy capital. GoldenTree’s achievement underscores robust...
Deal Roundup: TPG Buys Into Charlesbank-Backed Learfield, Thoma Bravo to Combine HCSS with Nemetschek Group Unit
TPG has agreed to acquire a stake in Learfield, the college‑sports media and technology platform backed by Charlesbank, marking the private‑equity firm’s entry into the collegiate athletics marketing space. The financial terms were not disclosed, but the deal signals TPG’s...
Ex-Goldman Sachs, Lightspeed Execs Seal $95m for Oversubscribed Collide Capital Fund II
Collide Capital announced the closing of its second flagship fund with $95 million of commitments, surpassing its original target and drawing strong interest from limited partners. The fund, focused on early‑stage fintech, supply‑chain innovation, and the future‑of‑work sector, was oversubscribed, reflecting...
Apollo Co-Founder Josh Harris’ 26North Partners Seals $5.9bn Debut Fundraise
26North Partners, the multi‑asset investment firm founded by Apollo co‑founder Josh Harris, closed its debut private‑equity fund at $5.9 billion, surpassing its original target. The capital will be allocated across buyouts, growth‑equity and credit strategies, giving the firm a broad investment...
Colonial First State Commits to Morrison Value-Add Infra Strategy
Australian superannuation manager Colonial First State (CFS) has pledged A$370 million, roughly US$261 million, to Morrison & Co’s Value Add Infrastructure II fund. The commitment aligns with CFS’s push to increase exposure to value‑add infrastructure, a segment that seeks to upgrade and reposition...
Healthcare Services Specialist Webster Equity Partners Picks up $1.8bn for Biggest Fundraise Yet
Webster Equity Partners, a specialist in healthcare services, announced it has closed a $1.8 billion fund, the largest capital raise in its 23‑year history. The new vehicle will focus on acquiring and scaling mid‑market healthcare service companies across the United States...
Adams Street Seals $7.5bn of New Private Credit Firepower Through New Fund Close
Adams Street Partners announced the closing of its third private credit fund with $7.5 billion of commitments, including leveraged capital. The fundraising round attracted both existing backers and new institutional investors, reflecting robust appetite for private credit exposure. The fund will...
Dominus Capital Hits Target-Beating $640m Final Close for Fourth Flagship PE Fund
Dominus Capital announced the final close of its fourth flagship private equity fund at more than $640 million, surpassing its original $500 million target. The fund, which exceeded expectations by $140 million, reflects robust investor appetite for the firm’s strategy. Dominus plans to...
Stellex Secures $2.37bn for Biggest Fund yet, but Falls Short of $2.5bn Target
Stellex Capital Management announced the final close of its third flagship private‑equity fund at $2.37 billion, slightly below the $2.5 billion target. The new vehicle is roughly one‑third larger than the firm’s prior fund, highlighting growing investor appetite. Capital will be allocated...
Deal Roundup: Ardian Sells Netco to Eurazeo, Warburg Launches European Defence Investing Platform
Ardian has agreed to sell a majority stake in Netco, a European specialist in critical conveyor‑system maintenance, to fellow private‑equity firm Eurazeo. The transaction highlights continued consolidation in industrial‑service assets across Europe. In parallel, Warburg has launched a new investment...
LGT Capital Leads Investment in Accent Equity’s First Multi-Asset Continuation Fund
Accent Equity has closed its inaugural multi‑asset continuation fund, raising roughly SEK1.5 billion (about $161 million). The fund’s formation and capital commitment were led by LGT Capital Partners, marking the Swiss firm’s first direct exposure to a continuation vehicle. The vehicle will...
Court Square Capital Hits $3.8bn for Oversubscribed Fund V, First Vehicle Since 2022 Succession Changes
Court Square Capital Partners closed its fifth flagship fund, Fund V, at $3.8 billion, surpassing its original target. The raise was oversubscribed, reflecting strong limited‑partner demand. It marks the first fund launched after the firm’s 2022 senior‑partner succession. The new capital...
Marsh Unit Mercer Raises $3.8bn to Close Eighth Fund Investing Across PE, Debt, Infra and RE
Marsh’s investment consulting arm Mercer has secured more than $3.8 billion for the final close of its eighth alternatives fund. The vehicle will allocate capital across private equity, debt, infrastructure and real‑estate opportunities. The fund’s size reflects strong investor appetite for...
Leeds Equity Partners Brings AUM to $7bn with Eighth Flagship Fund Close
Leeds Equity Partners announced the final close of its eighth flagship fund, raising $1.9 billion. The capital injection lifts the firm’s assets under management to roughly $7 billion. The new fund continues the firm’s focus on knowledge‑intensive sectors such as education, healthcare,...
Denmark’s Blue Equity Nears Fund IV Target Through DKK700m First Close
Danish private equity firm Blue Equity announced that its fourth fund closed its first round with more than DKK700 million (approximately $109 million). The early capital injection puts the fund well within reach of its overall fundraising target, though the exact goal...
Ares Secondaries Leads $2.5bn Continuation Fundraise for Arcmont Credit Assets
Ares Credit Secondaries led a $2.5 billion continuation vehicle for Arcmont Asset Management’s private‑credit portfolio, including leveraged financing. The fund closed recently, giving Arcmont liquidity while extending the life of its existing credit assets. Continuation vehicles like this let managers retain...
Global PE Dealmaking Shows Resilience Despite Renewed Tariff Uncertainty, War in Iran
Global private‑equity dealmaking proved surprisingly resilient in 2023, according to new PitchBook data. The total value of PE‑backed mergers and acquisitions held steady at roughly $1.2 trillion, while the number of transactions rose about 4% year‑over‑year to 6,800 deals. Even as...
Deal Roundup: Francisco Partners Agrees Blackline Take Private at up to $850m Valuation, Agilitas to Sell Integris Composites
Francisco Partners agreed to take private Blackline Safety Corp for up to $850 million, a 34% premium to its Toronto closing price. Blackline, a maker of wearable gas‑detection devices and cloud‑connected analytics, has logged more than eight million emergency alerts. Agilitas...
Percheron Capital Pulls in $3.1bn for Hard Cap Fund III Close, Double Its Fund II Total
Percheron Capital announced a hard‑cap close of $3.1 billion for its third private‑equity fund, marking a 100% increase over the $1.5 billion raised for Fund II. The firm, founded by two former Golden Gate Capital executives, focuses on service‑sector businesses. The new fund...
Ex-Blackstone Pair Team up Again with David Blitzer, Seal $400m Debut 154 Partners Fundraise Close
154 Partners, the private‑equity firm founded by former Blackstone executives Isaac Harrouche and Mike Berlin, has closed its inaugural fund at the $400 million hard‑cap target. The raise was anchored by billionaire investor David Blitzer, who contributed a substantial commitment through...
Neuberger Acts as Sole Lead Investor in CV for Tailwind Capital’s Axis Portable Air
Neuberger has become the sole lead investor in a single‑asset continuation fund that acquires Tailwind Capital’s portfolio company, Axis Portable Air. The vehicle is structured to provide liquidity to existing shareholders while allowing Neuberger to retain control of the business....
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...
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...