Summit Partners, a global growth equity private investment firm, has closed its latest flagship US growth equity fund, Summit Partners Growth Equity Fund XII (Summit XII), with $9.5bn in capital commitments five months after launching fundraising.
Morgan Stanley Investment Management (MSIM) has held the final close of the 1GT climate private equity fund (1GT) at $750m of equity capital commitments, with a number of institutions in Europe, Japan and North America leading the investor group.
Coller Capital, one of the world’s largest dedicated private market secondaries managers, has launched Coller Private Credit Secondaries, a Luxembourg domiciled private credit SICAV fund, accessible to eligible private wealth investors outside of the USA.
European private equity fundraising reached €118bn in the first half of 2024 and could be set for a record year, although there are signs a slowdown is due in the second half of the year, according to Preqin’s latest Alternatives in Europe 2024 report.
StepStone Group Inc has held the final close of StepStone Secondary Opportunities Fund V (SSOF V) and related separate accounts with $7.4bn of capital commitments. With $4.8bn of aggregate capital commitments, SSOF V is more than double the size of its predecessor fund.
The Merced County Employees Retirement Association, which has $1.2bn in assets under management approved a new private equity commitment during its September board meeting, according to a report by Private Equity International.
The Ontario Municipal Employees Retirement System (Omers) will no longer pursue direct private equity investments in Europe as part of a strategic reorganisation of its operations in the region, according to a report by Bloomberg.
Pictet Alternative Advisors (PAA), an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m.
Private equity funds have captured a record 50.5% of private capital fundraising year-to-date as the sector continues to lead private markets amid growing interest from private wealth investors, according to a new report from Barclays Private Bank.
Vitruvian Partners, a PE firm focused on investments in middle market companies, has closed its latest buyout fund, Vitruvian Investment Partnership V, at €7.3bn ($8.1bn) in total capital commitments, surpassing its initial target of €6.5bn.
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