Multistratgey asset manager Ardian’s latest secondary fund has attracted capital commitments of around $10 billion so far, according to a report by The Wall Street Journal. The report cites unnamed sources as confirming that the fund, Ardian Secondaries Fund IX, which will focus on acquiring secondhand stakes in private equity funds, is planning to hold a first close in early October of this year and has a target size of $15 billion. The total amassed so far is reported to include significant co-investment capital which will be invested alongside the Ardian fund. The Ardian Secondaries team closed a total of

Fund and corporate services provider, the Aztec Group, has supported longstanding client, Advent International (Advent), with the fundraising activities and final close of its 10th global private equity fund, Advent International GPE X (GPE X). Raising $25 billion in commitments after less than six months in the market, it marks Advent’s largest-ever fundraise and brings the firm’s assets under management to over $100 billion. Similar to its predecessor GPE funds, GPE X will have the flexibility to deploy capital across various geographical regions, business sectors, deal types and sizes.  Advent is one of the largest and most experienced global private

Venture capital firm BAI Capital has completed the successful raising of BAI Capital Fund I, L.P. (“Fund I”) and its related investment vehicles with approximately $700 million of total capital raised, exceeding the fund’s target size.

Fifth Wall, a venture capital firm focused on technology for the global real estate industry, has held the final close of its inaugural Climate Fund with $500 million in capital commitments. The fund aims to invest in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies to decarbonise the $10.5 trillion real estate industry. Fifth Wall’s Climate Fund received LP commitments from American Homes 4 Rent, BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, Kimco Realty Corporation, Lineage Ventures, MGM

LGT Capital Partners (LGT CP) has held the final close of Crown Co-investment Opportunities III (CCO III), its third dedicated co-investment fund, at $2.0 billion, well above its initial target size of $1.5 billion. Crown Co-investment Opportunities III (CCO III) continues the investment strategy of its predecessor funds and seeks to build a diversified portfolio of co-investments alongside high-quality managers in LGT Capital Partners’ network. The focus of the investment strategy is on buyouts in North America, Europe and opportunistically Asia-Pacific, that demonstrate favourable deal dynamics, visibility on value creation and downside protection. The program’s diversified investor base consists of

Ares Management Corp is targeting more than €11 billion for a new  new European direct-lending fund, making it the continent’s largest direct lending fund to date, according to a report by Bloomberg. Unnamed sources are cited as revealing that fundraising for the new Ares Capital Europe VI fund is slated to begin in the first quarter of 2023, while Ares has already begin courting potential investors. In April last hear, the Los Angeles-based firm reeled it had raised €11 billion euros for the Ares Capital Europe V Fund, and Fund VI is looking to surpass that record total.  Institutional investors

Ambienta SGR (Ambienta), one of Europe’s largest asset managers entirely focused on environmental sustainability, has held the first and final close of its fourth Private Equity fund after less than six months of active marketing, hitting its €1.55 billion hard cap. The fundraising attracted significantly more interest from investors than Ambienta could accommodate from the very start of the fundraising and closed on exactly the date set at the outset. Ambienta IV is the largest European Private Equity fund ever raised solely focused on companies that enable positive environmental change in their respective sectors. The fund attracted capital commitments from

Crestbridge’s UK funds team has provided a comprehensive suite of administration services to support the recent successful first close of Shard Credit Partners’ inaugural technology-focused venture debt fund. The new ‘Venture Debt Fund I’ secured £16.5 million in commitments from the UK and European institutional investors, alongside UK technology industry entrepreneurs, on its first close, and will make investments in senior secured loans with equity warrants to venture capital backed businesses in the B2B ‘Service as a Software’ (SaaS) and Fintech sectors across the UK.   The fund has completed two investments with total commitments of £6.5m ahead of the

Boeing has made a $50 million investment in AEI HorizonX, a partnership the company established with private equity firm AE Industrial Partners to invest in transformative aerospace technologies. The new funding will anchor AEI HorizonX’s second venture fund (Fund II), which plans to raise $250 million to support promising start-ups in future mobility, space, sustainability, digital enterprise applications, networks and security. Since its inception in 2021, the AEI HorizonX portfolio has achieved five IPOs (initial public offerings) and exits. The venture capital group’s current portfolio features 51 global investments, including companies that are driving innovations in artificial intelligence and machine