PE Tech Report

Allocations

Heritage Holding closes inaugural fund at $220m

Boston-based private equity firm Heritage Holding has closed its first, institutionally-backed fund with $220m. The fundraise was completed in four months and was oversubscribed with commitments from both institutional investors and HNWIs.

Brookfield Secures $2.4bn for UAE-backed climate fund

Brookfield Asset Management has raised $2.4bn for its Catalytic Transition Fund, a climate-focused fund backed by the United Arab Emirates aimed at scaling climate finance in emerging markets, according to a report by Reuters.

AIMCo CIO departs after less than two years

Marlene Puffer, Chief Investment Officer of Alberta Investment Management Corp (AIMCo), which manages investments for pension, endowment, and government funds in Alberta, has stepped down from her position after serving for less than two years, according to a report by Financial Post.

KKR Flag square

KKR closes Ascendant Fund at $4.6bn

Global private investment firm KKR has held the final closing of KKR Ascendant Fund SCSP, an investment vehicle dedicated to investing in middle market businesses in North America, with $4.6bn in total capital commitments.

Miura Partners raises over €800m in 2024

Miura Partners, a Spanish private equity firm with offices in Barcelona and Madrid, has held the final close of its fourth flagship fund, Miura Fund IV, at its hard cap of €475m taking the firm’s fundraising so far this year to over €800m.

London-listed ICG raises $1.9bn for North America private debt fund

UK-listed Intermediate Capital Group has secured $1.9bn for the latest iteration of its North America-focused private debt strategy, the North American Credit Partners Fund III, which is 50% larger than its predecessor and has already made four investments, according to a report by CityWire.

Thompson Street launches second continuation fund

Thompson Street Capital Partners, a private equity firm based in St Louis, has completed a single-asset secondary market transaction to continue its partnership with Gurobi Optimization, a provider of mathematical optimisation software.

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