Tikehau Capital has raised a record €3.3 billion for the fifth generation of its direct lending strategy, up 57% compared to the previous vintage.

South Street Partners (South Street) a private equity real estate investment firm, has held the final close of SSP GP Fund I, its inaugural discretionary commingled fund, at over $225 million, significantly in excess of its original target of $100 million. The fund will continue South Street’s strategy of executing on opportunistic, value added and special situation investment opportunities in real estate assets located in the Southeastern United States as well as select US and international markets. The fund’s GP structure enables South Street to scale its successful 13-year strategy of partnering with institutional investment firms on large cap transactions

Silversmith Capital Partners (Silversmith) has held the first and final close of its fourth fund, Silversmith Capital Partners IV (Fund IV), which was significantly oversubscribed, at its hard cap of $1.25 billion. In addition to the $1.25 billion from limited partners, the Silversmith team will contribute $90 million to Fund IV.  Fund IV is the firm’s largest to date and brings total capital raised to more than $3.3 billion since its founding in 2015.  Consistent with the strategy of its predecessor funds, Fund IV will focus on partnering with and supporting the best entrepreneurs leading growing, profitable technology and healthcare

Helicap Investments has listed its flagship fund, Helicap Fund I, on the private market exchange ADDX. Since launching in 2018, the fund has disbursed more than $100 million to micro, small and medium-sized business in Southeast Asia with around 10% in net annualised returns.

The Fairway Private Equity & Venture Capital Opportunities Fund, a closed-end fund registered under the Investment Company Act of 1940 (‘40 Act), has made 20 investment commitments since its launch in December, 2021. The fund’s advisor is Fairway Capital Management (Fairway), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners. The Fund provides qualified investors exposure to venture capital and private equity investments through primary, secondary and co-investment strategies that are typically available only to large institutional investors. As a ‘40 Act fund, Fairway Private Equity & Venture Capital Opportunities

Eureka Equity Partners (Eureka) has held the final closing of Eureka IV (Fund IV) with just over $200 million in capital commitments. Fund IV is the successor small buyout fund to Eureka’s $175 million Eureka III. Fund IV’s limited partners include public and corporate pension funds, fund of funds, insurance companies, family offices and other established institutional investors.  Consistent with Eureka’s prior funds, Fund IV includes significant capital commitments from a select group of highly accomplished CEOs, entrepreneurs and executive leaders as part of its Invested Operating Partner Network that deepens Eureka’s relationship network and provides additional resources to the

Mercury Capital has appointed State Street Corporation to provide fund administration services for the new Mercury Capital Fund twenty2. The AUD1 billion fund, Mercury Capital’s fourth private equity fund since its inception, completed its fund raising and closed on 30 June. Mercury Capital Fund twenty2 will focus on mid-market private equity transactions in Australia and New Zealand, and anticipates making eight to ten investments over its life cycle. It will target partnership investments alongside private business owners and management teams in companies with enterprise valuations in the range of AUD150 million to AUS500 million.

Circulate Capital has held the third close of the Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total commitments to $53 million. CCOF I-B’s latest close brings the Singapore-based investment-management firm’s total assets under management to $165 million, making it the largest impact investment firm dedicated to fighting plastic pollution and advancing the circular economy in South and Southeast Asia.  Alongside the firm’s $112 million Circulate Capital Ocean Fund (CCOF I), the fund invests in companies across the plastic-recycling and waste-management value chains, as well as startups focused on early-stage disruptive innovation and technology aligned with Circulate Capital

BlackRock has held the final close of its Diversified Private Debt Fund (DPD) with a total capital raise of £1.7 billion. DPD was developed in partnership with UK consultants to provide exposure to a diversified mix of standalone, scaled private debt strategies through a single solution.  This simplified governance structure combines bottom-up selection with top-down strategy allocation and the flexibility to capitalise on market dynamics.   Managed by James Keenan, CIO and global head of credit, the Fund leverages BlackRock’s 20+ years in Private Debt to invest across US and European Direct Lending, US and European Real Estate Debt, and Global