New York-based alternative credit manager Sound Point Capital has announced the first close of its Strategic Capital Fund III (SCF III), raising $1.1bn (£0.8bn), more than doubling the capital raised by its predecessor funds, according to a report by Alternative Credit Investor.
Growth equity software investor JMI equity has held the first and final close of JMI Equity Fund XII, which was significantly oversubscribed and capped at $3.1bn, approximately four months after its launch in March.
Clearlake Capital-backed Quest Software has initiated a second debt reshuffle in three months, launching a new exchange offer designed to ease its mounting debt burden by rearranging creditor repayment priorities, according to a report by Bloomberg.
TPG has closed its sixth growth equity fund at $4.8bn, surpassing its $4bn target and drawing commitments from a broadened global investor base, including LPs across the Middle East, Asia, and Latin America, according to a report by Bloomberg.
Aperture Investors is launching a new asset-backed finance strategy, with plans to raise $1bn for the fund over an 18-month fundraising period beginning in September, according to a report by Bloomberg.
PGIM has held the final close of PGIM Senior Loan Opportunities II, the second commingled private credit fund open to unaffiliated investors in its middle market direct lending series, with over $4.2bn in available capital commitments.
Dextra Partners, a multi-strategy private equity firm focused on the middle market, has closed Dextra Co-investment Fund VII at its $825m hard cap, exceeding its $650m target and bringing the firm’s assets under management to approximately $5bn.
Fundraising momentum for private equity and private credit — once the dominant forces in alternative asset management — has slowed considerably in 2025, as constrained liquidity and extended exit timelines force investors to re-evaluate their exposure to illiquid assets, according to a report by Bloomberg.
Silversmith Capital Partners (Silversmith), a growth equity firm focused on supporting entrepreneurs in technology and healthcare, has held the first and final close of Silversmith Capital Partners Fund V with $1.7bn in capital commitments.
Global investment firm KKR has partnered with Capital Group to introduce a hybrid equity fund offering US investors exposure to both public and private markets, as demand continues to grow for diversified investment strategies outside traditional asset classes, according to a report by Reuters.
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