Neuberger Berman has launched its first interval fund focused on private asset-based credit, as alternative managers increasingly tap the retail channel amid a more challenging institutional fundraising environment, according to a report by Bloomberg.
BC Partners Credit, the $8.7bn credit platform of BC Partners, has launched Great Lakes III, the latest iteration of its middle-market direct lending strategy developed in partnership with Great Lakes, according to a report by Bloomberg.
Chicago-based Pritzker Private Capital has closed its fourth fund PPC IV with $3.4bn in capital commitments from mix of institutional investors across North America, Europe, Asia, and Latin America, surpassing its $3bn target, according to a report by Bloomberg.
Neuberger Berman is expecting to reach half of the $5bn fund-raising target for its flagship secondary private equity fund when it holds the initial first close by the end of 2025, according to a report by Bloomberg citing unnamed sources familiar with the matter.
BlackRock is preparing to launch its first dedicated venture secondaries fund, signalling the firm’s growing focus on private markets and opportunistic plays in discounted venture capital interests, according to a report by Bloomberg.
Chicago-based private equity firm Periscope Equity has held the final close of Periscope Equity III (Fund III) with with aggregate capital commitments of $370m, exceeding its target of $300m in under 12 months from its official launch.
HSBC Asset Management has held the final close of its Vision Venture Capital (VC) 2024 and Vision Private Equity (PE) 2025 strategies, with total capital commitments reaching $192.8m and $276.2m, respectively.
TPG has closed its latest growth equity vehicle, TPG Growth VI, at $4.8bn – surpassing its $4bn target – following strong demand from both existing LPs and new investors across the Middle East, Asia, and Latin America, according to a report by Bloomberg.
Pacific Avenue Capital Partners has closed its second fund, Pacific Avenue Fund II, with more than $1.65bn in commitments, including a €100m-plus European sidecar, after a fundraising process that wrapped up in under four months.
TPG Twin Brook Capital Partners, the middle-market direct lending platform of TPG, has closed a $3bn credit-focused continuation vehicle backed by Coller Capital, marking the largest private credit secondaries transaction completed to date.
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