BlackRock has held the final close of Global Energy & Power Infrastructure Fund III (GEPIF III) at USD5.1 billion, making it the largest alternative investment fundraise in BlackRock history. The final close value also exceeded both the original Fund target of USD3.5 billion and the original hard cap of USD4.5 billion.

Arbour Lane Capital Management, a private registered investment adviser focused primarily on opportunistic credit and special situation investments, has held the final closing of Arbour Lane Credit Opportunity Fund II at its hard cap of USD1.2 billion in capital commitments, exceeding its initial target of USD750 million.The Fund focuses on

Corigin Ventures, a founder-focused early-stage venture capital firm, has held the final closing of its second fund with total equity commitments of USD36.05 million. The firm is also pleased to announce that Aubrie Pagano, an experienced founder and early-stage investor, has joined as Partner. In this role and as a member

Clearlake Capital Group, an investment firm focusing on the technology, industrials, and consumer sectors, has completed fundraising for its sixth private equity fund, Clearlake Capital Partners VI (Fund VI), with more than USD7 billion in commitments. This brings Clearlake’s total assets under management to approximately USD18 billion and comes on the

StepStone Group (StepStone) has held the final closing of its secondary private equity fund, StepStone Secondary Opportunities Fund IV (SSOF IV), raising USD2.1 billion of commitments. The fund surpassed its original target of USD1.25 billion. Together with capital from separately managed accounts, StepStone has raised over USD2.4 billion for its differentiated secondary

Qiming Venture Partners has closed Qiming Venture Partners Fund VII, a new USD1.1 billion fund focused on early stage Healthcare and TMT investments.Qiming has again secured support from its long-term LP base in Fund VII as well as attracting several new LPs. As in prior funds, the vast majority of

Crescent Capital Group, an alternative credit investment firm, has held the final closing of its second European specialty lending fund, Crescent European Specialty Lending Fund II (CESL II), with total limited partner equity commitments of approximately EUR1.6 billion. The fund has both levered and unlevered sleeves.  CESL II was meaningfully oversubscribed,