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Category: Fund News

First Eagle Alternative Credit rakes in $2.2bn in past 12 months thanks to latest $1bn fund close

 First Eagle Alternative Credit has closed its fifth direct lending fund on over $1bn in total available capital, including leverage. The post First Eagle Alternative Credit rakes in $2.2bn in past 12 months thanks to

Concept Ventures launches largest pre-seed fund in the UK

Concept Ventures, formerly known as RLC Ventures, has launched the largest pre-seed fund in the UK. The post Concept Ventures launches largest pre-seed fund in the UK first appeared on AltAssets Private Equity News.

Synova beats target to close Fund V on £875m in three months

European growth investor Synova has held the first and final close of its fifth flagship fund on its hard cap of £875m, beating its initial £750m target in just three months. The post Synova beats

BlackRock closes £1.7bn Diversified Private Debt Fund designed specifically for UK pension schemes

BlackRock has held a £1.7bn final close for its Diversified Private Debt Fund designed specifically for UK pension schemes' investment and diversification across a variety of global private debt markets. The post BlackRock closes £1.7bn

Hahn & Co sets up $1.5bn continuation fund for cement maker Ssangyong C&E

South Korean private equity house Hahn & Company has closed Asia's largest GP-led secondary transaction to date with the formation of a $1.5bn continuation vehicle for cement producer Ssangyong C&E. The post Hahn & Co

Argosy Capital beats target to close sixth flagship fund on $422m

Lower mid-market focused private equity firm Argosy Capital has closed its sixth flagship fund on $422m. The post Argosy Capital beats target to close sixth flagship fund on $422m first appeared on AltAssets Private Equity

Sentinel Capital Partners gets PennSERS commitments across two funds

The Pennsylvania State Employees' Retirement System has committed $125m towards two funds managed by Sentinel Capital Partners. The post Sentinel Capital Partners gets PennSERS commitments across two funds first appeared on AltAssets Private Equity News.

Connecticut Retirement Plans picks Sixth Street, Fortress, Reverence for latest commitments

The Connecticut Retirement Plans and Trust Funds has picked Sixth Street, Fortress Investment Group and Reverence Capital Partners for its latest $650m commitments. The post Connecticut Retirement Plans picks Sixth Street, Fortress, Reverence for latest

Japan’s Anri venture holds $102m Fund V first close

Japanese venture capital firm Anri has held a $102m first close for its fifth flagship fund, almost halfway to its $288m target. The post Japan’s Anri venture holds $102m Fund V first close first appeared

KKR eyes up to $1.5bn for first Asia-focused technology growth fund – report

Buyout major KKR has launched its first Asia-focused technology growth fund, targeting $1bn to $1.5bn, AVCJ reported quoting two sources familiar with the matter. The post KKR eyes up to $1.5bn for first Asia-focused technology

Bertelsmann spin out BAI Capital closes China fund on $700m

Chinese venture capital firm BAI Capital has closed its inaugural Fund I with $700m in capital commitments. The post Bertelsmann spin out BAI Capital closes China fund on $700m first appeared on AltAssets Private Equity

Houston Firefighters picks EQT, Apax, AE Industrial for latest commitments

$5.3bn-managing Houston Firefighters' Relief & Retirement Fund has picked three private equity managers for its latest round of commitments, P&I reported. The post Houston Firefighters picks EQT, Apax, AE Industrial for latest commitments first appeared on

Fifth Wall closes first Climate Fund on $500m to decarbonize property market

Proptech specialist Fifth Wall has closed its first Climate Fund on $500m aiming to decarbonize the global real estate industry, making it the biggest-ever in its kind. The post Fifth Wall closes first Climate Fund

Blackstone collects $24.1bn for latest real estate fund, said to eye $30bn

Global buyout giant Blackstone has secured $24.1bn of commitments for its latest real estate fund, according to a regulatory filing. The post Blackstone collects $24.1bn for latest real estate fund, said to eye $30bn first

LGT closes $2bn-co investment fund aiming for deals with value creation, downside protection

LGT Capital Partners has closed its third dedicated co-investment fund on $2bn, smashing its target of $1.5bn. The post LGT closes $2bn-co investment fund aiming for deals with value creation, downside protection first appeared on

Pegasus Capital holds $130m first close for Global Fund for Coral Reefs

Pegasus Capital has held a first close for the Global Fund for Coral Reefs Investment Fund, the first commercial-scale private equity impact investment fund targeting SDG14, life below water. The post Pegasus Capital holds $130m

Border to Coast commits $100m each to StepStone, General Catalyst, PAI Partners

Border to Coast Pensions Partnership has chosen StepStone, General Catalyst and PAI Partners for its latest private equity investments, allocating $100m each to their funds. The post Border to Coast commits $100m each to StepStone,

Fortress Investment secures half of $2.5bn-targeting third direct lending fund, aiming for 12% to 15% gross IRR – report

Fortress Investment Group is said to have collected half of the $2.5bn target for a third direct lending fund which is expecting to wrap up later in the year. The post Fortress Investment secures half

Lightspeed closes fund trio with $7bn of committed capital

Lightspeed Venture Partners has raised a mammoth $7bn of capital across a trio of funds for early and growth stage investments. The post Lightspeed closes fund trio with $7bn of committed capital first appeared on

Israel Secondary Fund triples predecessor to close new fund on $312m

Israel Secondary Fund has raised its third fund totalling $312m, tripling its predecessor that was closed on $100m in 2017. The post Israel Secondary Fund triples predecessor to close new fund on $312m first appeared

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