BlackRock Global Infrastructure Fund IV raises $4.5B at first close
BlackRock Alternatives (BlackRock), through its Infrastructure business, has raised $4.5 billion in initial investor commitments for BlackRock Global Infrastructure Fund IV (Infra IV), achieving over half of its targeted size at first closing. The fund, which invests in essential infrastructure assets globally, secured initial commitments from a diverse group of institutional investors, including public and […]
Ares Management closes oversubscribed $7.1B second special opportunities fund
Ares Management Corporation (Ares), a global alternative investment manager, has held the final closing of its Ares Special Opportunities Fund II (ASOF II) at its hard cap of $7.1 billion of commitments, including General Partner commitments, way in excess of its $4.0 billion target. In January 2017, the Ares Private Equity Group developed its Special […]
Bregal Sagemount holds final close of Fund IV at $2.5B hard cap
Bregal Sagemount (Sagemount), a growth-focused private equity firm, has held the final closing of the Bregal Sagemount Fund IV (Fund IV) at its hard cap of $2.5 billion, 66% larger than its prior fund. Fund IV will continue the investment strategy Sagemount has pursued since inception in 2012, providing flexible, solution-oriented capital to durable growth […]
BlackRock and Manulife Investment Management back Zenyth Partners’ continuation fund
Zenyth Partners (Zenyth), a healthcare-focused private equity firm specialising in consumer-facing and tech-enabled healthcare services, has closed a continuation fund composed of both secondary and primary capital commitments, co-led by funds managed by BlackRock and Manulife Investment Management with support from Newbury Partners. The fund has acquired minority stakes in three portfolio companies (the Sale […]
Russell Investments launches new global unlisted infrastructure fund
Global investment solutions provider Russell Investments has launched a new global unlisted infrastructure fund. The Luxembourg-domiciled open-ended private markets fund aims to invest in opportunities that address the need for new infrastructure solutions to meet evolving social and economic demands. It is classified as Article 8 for SFDRi purposes, in line with the firm’s commitment […]
Airwallex maintains $5.5B valuation with $100m Series E extension
Airwallex, a global fintech platform, has closed its $100 million Series E extension (Series E2) with the same $5.5 billion valuation, securing additional funds from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. HostPlus, an Australian industry superannuation fund, as well as a leading North […]
Ares closes oversubscribed Tenth Value-Add U.S. real estate fund at $1.8B
Ares Management has held the final closing of its Ares U.S. Real Estate Fund X. It was oversubscribed with $1.8bn of commitments relative to its $1.5bn target and is more than 75% larger than its predecessor fund, which closed at $1.04bn in November 2018. “With the closing of the tenth fund in this series, we […]
Veritas Capital closes eighth flagship fund at $10.65B
Veritas Capital (Veritas), a technology and government investment firm, has held the final close of its latest flagship fund, Veritas Capital Fund VIII (Fund VIII) with $10.65 billion of aggregate committed capital. Fund VIII was significantly oversubscribed, with demand exceeding its hard cap and initial target of $8.5 billion. Veritas Capital Fund VII closed on […]
Hy24 closes clean hydrogen infrastructure fund at €2 billion
Hy24, a joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and private investment house Ardianm has closed its first impact fund – the Clean H2 Infra Fund – with €2 billion of allocations, exceeding its initial target. Hy24 says the fund is the world’s first and largest infrastructure fund to invest exclusively in the […]
Moonfare joins the Greater Share initiative
Moonfare, the leading digital global private equity investment platform, has become the latest fund provider to bring its expertise and capabilities to support the Greater Share education model. Greater Share is an innovative UK-based initiative that aims to combine philanthropy with private equity to generate hundreds of millions of dollars in long-term grants for education charities […]
