Private equity firms are increasingly turning to continuation vehicles as a core exit route, with sales of assets from older funds into newly raised vehicles on track to reach record levels in 2025, according to a report by the Financial Times.
Hale Capital Management, a US-based investment firm investing across federal technology and services, and commercial technology, has closed Hale Capital Partners Fund V, increasing the firm’s assets under management to $334m.
MML Capital Partners has closed MML Keystone I and accompanying co-investment and managed vehicles, raising €935m ($1.10bn). The fundraise ranks among the largest on record for a new European strategy, according to data from Preqin.
JP Morgan Asset Management’s Private Equity Group has closed its 12th flagship fund, PEG Global Private Equity XII, above its $1.25bn target at $1.44bn. The fund will make primary, secondary and co-investments in buyout and early-stage VC strategies.
Energy Capital Partners, the private equity firm backed by Bridgepoint Group Plc, has returned over $5.5bn to investors so far in 2025, in one of its most active years since its 2005 founding, according to a report by Bloomberg.
Germany’s federal government is preparing to launch a new state-backed investment vehicle aimed at mobilising up to €130bn of private capital, as Berlin steps up efforts to attract private equity and alternative asset managers into higher-risk domestic projects, according to a report by the Financial Times.
Stone Point Capital is testing a roughly $1bn evergreen fund as it looks to expand into the retail wealth market, according to a report by Bloomberg. The vehicle is being seeded with capital from the firm’s Trident flagship private equity funds and could eventually be opened to wealthy individual investors.
MML Capital has closed MML Dorchester SCSp, a new continuation vehicle capitalised with over €630m of investor commitments. The fund has been established to acquire interests in two European business services companies currently held across prior MML Partnership Capital funds, alongside stakes held by other shareholders.
Sports-focussed private investment firm Apex has launched a new fund aimed at acquiring minority stakes in smaller European sports teams and leagues, targeting assets valued between €50m and €500m, according to a report by Bloomberg.
SeaTown Holdings, backed by Singaporean state investment firm Temasek, has raised about $900m for its third private credit fund, marking a strong second close following the $612m raised in August, according to a report by Reuters.
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