StepStone closes fifth co-investment fund at $2.36B
StepStone Group Inc, a global private markets investment firm, has made the final closing of StepStone Capital Partners Fund V (SCP V), its fifth dedicated co-investment fund, raising $2.36 billion of commitments. Through SCP V, StepStone seeks to build a diversified portfolio of co-investments alongside leading private equity firms, in select transactions according to their […]
Mercury appoints State Street to administer new AUD1B PE fund
Mercury Capital has appointed State Street Corporation to provide fund administration services for the new Mercury Capital Fund twenty2. The AUD1 billion fund, Mercury Capital’s fourth private equity fund since its inception, completed its fund raising and closed on 30 June. Mercury Capital Fund twenty2 will focus on mid-market private equity transactions in Australia and […]
BlackRock holds final close of Diversified Private Debt Fund at £1.7B
BlackRock has held the final close of its Diversified Private Debt Fund (DPD) with a total capital raise of £1.7 billion. Managed by James Keenan, CIO and global head of credit, the Fund leverages BlackRock’s 20+ years in Private Debt to invest across US and European Direct Lending, US and European Real Estate Debt, and […]
Ardian attracts about $10B so far for new secondary fund
Multistrategy asset manager Ardian has corralled roughly $10bn of investor interest so far for its latest vehicle to buy secondhand stakes in private-equity funds and plans a first close for the pool in early October, according to people familiar with the matter. The Paris-based firm has a target of $15bn for its Ardian Secondaries Fund […]
Blackstone draws over $24B commitments for latest real estate fund
Buyout giant Blackstone has secured commitments worth $24.1bn for its latest real estate fund, according to a regulatory filing. The size of the new fund, called Blackstone Real Estate Partners X, could go up to $30.3bn when it is finalized, the Wall Street Journal reported, citing people familiar with the matter. The New York-based private-equity […]
SkyBridge to launch new Web3 and crypto-focused fund
Skybridge Capital, the investment firm founded by Anthony Scaramucci, is to launch a new fund focused on investments in Web3 and the cryptocurrency space, according to a report by BusinessInsider. The news comes hot on the heals of a revelation earlier this week that Skybridge has suspended withdrawals from Legion Strategies, a $230 million fund […]
LGT Capital Partners holds final close of Crown Co-investment Opportunities III at $2B
LGT Capital Partners (LGT CP) has held the final close of Crown Co-investment Opportunities III (CCO III), its third dedicated co-investment fund, at $2.0 billion, well above its initial target size of $1.5 billion. Crown Co-investment Opportunities III (CCO III) continues the investment strategy of its predecessor funds and seeks to build a diversified portfolio […]
European PE funds in the market for $110B+ despite headwinds
European private equity funds are looking to raise a total of more than $110.7bn, and despite macroeconomic uncertainty, investors have been largely successful in reaching their targets. PitchBook data shows that, as of the end of Q2, there are 197 open PE funds in the market—65 of which have launched since the start of 2021. […]
Private equity funds emerging as major financiers for critical mineral projects
Private equity funds are emerging as a major financing source for new critical minerals projects, with traditional bank financiers taking a lesser role as risk perception grows, members of the UK’s Critical Minerals Association said. Traders, streamers, off-takers and end-users who are anxious to secure supplies of critical minerals including lithium, cobalt, nickel, silicon, niobium, […]
KKR to launch its two first ESG credit funds
Private equity firm KKR & Co Inc is preparing to launch its first two credit funds dedicated to investing based on environmental, social and corporate governance (ESG) principles later this year, according to an internal memo seen by Reuters. The second fund, KKR Credit ESG Accelerator Fund, will be a global sustainability-focused fund deploying a range […]
