PE Tech Report

Funds

Comvest Partners closes sixth PE fund 

Middle-market private equity and credit investment firm Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI, with total capital commitments of $881m. 

B Capital closes latest opportunities fund 

Global multi-stage investment firm B Capital has closed its later-stage venture investments vehicle Opportunities Fund II with capital commitments of $750m, nearly doubling the size of its predecessor B Capital Opportunities Fund I. 

Blackstone partners with Finnish S-Bank for European private credit fund 

Blackstone has partnered with Finland’s S-Bank to broaden access to its European private credit fund, with the latter creating a feeder fund that will invest its clients’ capital into the Blackstone European Private Credit Fund SICAV, according to a report by Alternative Credit Investor. 

Excelsior Energy Capital makes first exit from inaugural fund 

Renewable energy infrastructure investor Excelsior Energy Capital has sold a portfolio of 38 solar energy and solar plus storage projects from its Excelsior Renewable Energy Investment Fund I portfolio to BlackRock’s Evergreen Infrastructure Partners Fund.

KSL Capital Partners closes $2bn PE fund

KSL Capital Partners, a private investment firm focused on travel and leisure businesses, has closed its latest travel and leisure focused private equity fund, KSL Capital Partners VI, with total capital commitments of $2bn.

Inflexion closes minority fund at record £1.75bn 

European mid-market private equity firm Inflexion has closed the Inflexion Partnership Capital Fund III at its £1.75bn hard cap, making it the largest dedicated minority fund in Europe and 75% larger than its £1bn predecessor fund. 

GoldenTree closes $1.35bn private credit fund

GoldenTree Asset Management, a global asset management firm with over $53bn in AUM, has held the closing of its new private credit fund with capital commitments of $1.35bn, surpassing its original target of $800m to $1bn.

YFM Equity Partners closes latest fund at £90m

YFM Equity Partners has closed its latest fund, British Smaller Companies Venture Capital Trusts, with £90m of committed funds in place, fulfilling its original £65m offer plus an overallotment facility of £25m. 

Stonepeak raises $3.3bn for Asia infrastructure fund

Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of Stonepeak Asia Infrastructure Fund with $3.3bn in total capital commitments, in excess of its original $3bn target.

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