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Category: Fund News

Andera Partners hits €600m target for MidCap 5, but is raising more

French private equity house Andera Partners has reached the €600m target for its fifth Midcap fund and will continue to raise funds for six more months. The post Andera Partners hits €600m target for MidCap

Sterling Investment Partners exceeds target for Fund IV

Mid-market private equity firm Sterling Investment Partners has closed its fourth fund on $934m, slightly exceeding its initial target of $900m. The post Sterling Investment Partners exceeds target for Fund IV first appeared on AltAssets

LPs score over 2.5x return from DBAG Fund V as firm secures vehicle’s final exit

German private equity investor Deutsche Beteiligungs has scored a better than 2.5x return for investors in its fifth flagship fund following the sale of its final portfolio business. The post LPs score over 2.5x return from

General Atlantic closes debut climate fund on $3.5bn

Growth equity firm General Atlantic has closed its inaugural climate-focused investment fund, BeyondNetZero, with a $3.5bn capital pool. The post General Atlantic closes debut climate fund on $3.5bn first appeared on AltAssets Private Equity News.

PPM America pulls in $300m for sixth CLO fund

PPM America, which boasts $70bn in assets under management, has closed its PPM CLO 6 on $300m. The post PPM America pulls in $300m for sixth CLO fund first appeared on AltAssets Private Equity News.

Ares Management is seeking over $45bn for next batch of funds – report

Ares Management is reportedly seeking to raise more than $45bn for its latest batch of funds. The post Ares Management is seeking over $45bn for next batch of funds – report first appeared on AltAssets

KKR raises $1.9bn for its sophomore global impact fund, so far

Private equity giant KKR has reportedly raised nearly $1.9bn for its second global impact fund. The post KKR raises $1.9bn for its sophomore global impact fund, so far first appeared on AltAssets Private Equity News.

Unigestion reaches first close for third direct private equity fund

Unigestion, an independent, specialist asset manager, has held the first close of its third direct private equity fund on €200m. The post Unigestion reaches first close for third direct private equity fund first appeared on

Ridgemont Equity Partners hits $2.35bn hard cap for new fund

Ridgemont Equity Partners, a buyout and growth investment firm, has closed its fourth fund on its $2.35bn hard cap. The post Ridgemont Equity Partners hits $2.35bn hard cap for new fund first appeared on AltAssets

GrowthCurve Capital raise $1.1bn for maiden fund- report

GrowthCurve Capital has reportedly raised $1.1bn for its inaugural buyout fund, which could still raise more funds. The post GrowthCurve Capital raise $1.1bn for maiden fund- report first appeared on AltAssets Private Equity News.

Chicago Teachers’ Pension Fund commits $60m to pair of funds

Chicago Public School Teachers' Pension & Retirement Fund has reportedly made two new investments, which total $60m. The post Chicago Teachers’ Pension Fund commits $60m to pair of funds first appeared on AltAssets Private Equity

Nordic Capital closes largest private equity fund in Europe this year

Nordic Capital has closed its largest ever fund, pulling in €9bn ($8.8bn) for its Nordic Capital Fund XI, and well above its €8bn ($7.9bn) target. The post Nordic Capital closes largest private equity fund in

BlackRock Alternatives holds $4.5bn first close for fourth infrastructure fund

BlackRock Alternatives has raised $4.5bn in the first close of its fourth Global Infrastructure Fund, which is more than half its targeted size. The post BlackRock Alternatives holds $4.5bn first close for fourth infrastructure fund

Female-led investor Aliph Capital bags $125m investment to maiden fund – report

Aliph Capital, a female-led Gulf Cooperation Council-centric fund, has reportedly received a $125m investment for its debut fund. The post Female-led investor Aliph Capital bags $125m investment to maiden fund – report first appeared on

Ares Management closes second opportunities fund on $7.1bn

Ares Management Corporation has held the final close of its second special opportunities fund on $7.1bn. The post Ares Management closes second opportunities fund on $7.1bn first appeared on AltAssets Private Equity News.

Trinity Hunt Partners closes $618m fund to support existing portfolio

Trinity Hunt Partners, a mid-market private equity firm, has closed its first Continuation Fund on $618m, to support its existing portfolio companies. The post Trinity Hunt Partners closes $618m fund to support existing portfolio first

MassMutual triples funding for first-time fund managers in expanded First Fund initiative

Massachusetts Mutual Life Insurance Company will dedicate an extra $100m to backing first-time fund managers, double its previous commitment from its First Fund initiative. The post MassMutual triples funding for first-time fund managers in expanded

For the first time ever, KKR makes fund available to individual investors through blockchain

KKR has made a major move in allowing individuals access to its private equity funds by making one of its vehicles available to backers through a public blockchain. The post For the first time ever,

BayPine closes inaugural PE fund on $2.2bn

Private investment firm BayPine has closed its inaugural private equity fund on $2.2bn. The post BayPine closes inaugural PE fund on $2.2bn first appeared on AltAssets Private Equity News.

Norway’s KLP said to have committed $199m to Quinbrook’s Net Zero Power Fund

Norwegian pension fund Kommunal Landspensjonskasse has committed 2 billion Norwegian kroner ($199 million) to Quinbrook Infrastructure Partners III - Net Zero Power Fund, Pension & Investments reported quoting an email from spokesman Glenn Slydal Johansen.

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