Blue Sage Capital, a Texas-based private equity firm that has been investing in lower middle-market companies since 2002, has held the final close of Blue Sage Capital IV at $618m, including a substantial commitment from the General Partner.
Nearly three-quarters (74%) of US pension plan managers are anticipating a rise in private equity distributions over the next three years, according to a report by Banking Exchange citing a new survey by financial software specialist Ortec Finance.
Chicago-based PE firm Frontenac, which focuses on lower middle-market companies in the consumer, industrial, and services sectors, has closed its 13th fund, Frontenac XIII Private Capital, with $900m in total committed capital, exceeding its $700m target.
The Los Angeles Fire & Police Pension System has approved commitments totalling $382.2m across six private equity funds and one private credit fund, continuing its strategy of diversifying its $32.5bn portfolio, according to a report by Private Equity Insights.
Francisco Partners has held the final close of its third credit fund, FP Credit Partners III, with $3.3bn in total capital commitments – surpassing its initial $2.3bn target and its predecessor fund, which closed at $2.2bn in October 2021.
SUSI Partners has raised $139m in additional investor capital for its Southeast Asia-focused strategy, more than doubling its size to $259m, with sizeable commitments from British International Investment (BII) and Dutch development bank FMO.
Thoma Bravo has closed its largest credit fund to date, Credit Fund III, securing $3.6bn in total available capital, including anticipated leverage. The fund will focus on senior secured debt investments in sponsor-backed software companies.
Global alternative investment firm Investcorp has secured a $110m special managed account (SMA) mandate focussing on private equity investments, from Malaysia’s Kumpulan Wang Persaraan (Diperbadankan) (KWAP), one of the country’s top two pension funds.
Private investment house Ardian has raised a record €3.2bn for its sixth-generation Expansion Fund, Ardian Expansion Fund VI (AEF VI), which will focus on making equity investments ranging from €50m to €300m, in private mid-sized businesses.
Sky Island Capital, a private equity firm based in Dallas that specialises in the lower middle market, has closed its second fund, Sky Island Capital II LP (Fund II), surpassing its original target of $225m, and securing $300m in capital commitments.
12 November, 2026 – 5:00 pm
12 November, 2026 – 8:00 am
12 February, 2026 – 8:00 am
12 February, 2026 – 5:00 pm
