Pennybacker closes Fund VI above target at $1.6bn
Real assets investment manager Pennybacker Capital Management has held the final closing of its sixth value opportunity series fund, Pennybacker VI, with $1.6bn in total capital commitments.
Real assets investment manager Pennybacker Capital Management has held the final closing of its sixth value opportunity series fund, Pennybacker VI, with $1.6bn in total capital commitments.
The Oklahoma Firefighters Pension & Retirement System has committed $20m to Schroders Capital Private Equity Global Direct IV, according to a report by Pensions & Investments.
Energy Capital Partners, an equity and credit investor across energy transition, electrification and decarbonisation infrastructure assets, has held the final close of its fifth flagship equity strategy, ECP V, with total capital commitments of $4.4bn.
Goldman Sachs Alternatives has held the final close of West Street Loan Partners V, its latest large-cap senior direct lending vehicle, with $13.1bn of total capital, plus more than $7bn in related managed accounts and $550m of co-investment vehicles.
Munich-based private equity firm Bregal Unternehmerkapital has held the closing of its fourth fund, Bregal Unternehmerkapital IV with total capital commitments of €2.65bn.
Family offices in North America allocate 35% of the average portfolio to private equity, the highest regionally, according to the UBS Global Family Office Report 2024.
Institutional investors in the US are increasingly turning to multi-asset credit strategies to capture alpha amid rising market volatility, according to a report by Pensions & Investments.
Private equity’s challenges in returning capital to clients are increasingly affecting hedge funds, which depend on the same pool of institutional investors including pension plans, foundations, and endowments, for their fundraising efforts, according to a report by the Financial Times.
The Australian Retirement Trust, a pension fund valued at AUD260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America.
Pan-European private equity firm Astorg has held the final close of its latest flagship fund, Astorg VIII – an Article 8 buyout fund – with total capital commitments of €4.4bn, making it the firm’s largest fund raised to date.
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