Global investment firm KKR has held the final close of KKR Asia Credit Opportunities Fund (ACOF), a $1.1 billion fund focused on performing privately originated credit investments in Asia Pacific. KKR’s Asia Credit platform seeks to provide bespoke private credit solutions to companies and sponsors which harness the strength of KKR’s alternative investment capabilities and its expertise as one of the largest alternative credit managers globally. The Asia Credit team leverages KKR’s local and global resources to source, diligence, and execute investment opportunities to provide customised financing, ensure capital protections, and support value creation in the process.  ACOF intends to

Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, has held the final close of the AG Credit Solutions Fund II at $3.1 billion of equity commitments, exceeding the fund’s $3.0 billion target in seven months from the initial to final close. The Fund received significant support from current Angelo Gordon clients and new institutional and retail investors globally. The closed-end Fund is the latest in a series of vehicles raised over the last three years that comprise a now $11 billion all-weather distressed and special situations platform. Consistent with its predecessor, the Fund’s

AfricInvest, an investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has held the final close of AfricInvest Fund IV with total commitments of $411 million. Launched two years ago with a hard cap of $400 million, AfricInvest IV received investment from new and returning institutional investors, development finance institutions and family offices from around the world. The Fund is the largest in AfricInvest’s history and follows on from the previous flagship fund, AfricInvest III, which closed in 2016, reaching a fund size of €272 million (US$300m). Like its predecessors, AF

Tyree & D’Angelo Partners (TDP) has closed Tyree & D’Angelo Partners Fund III LP (Fund III) at its hard cap with $350 million in capital commitments. Metric Point served as the exclusive placement agent and managed investor demand that was well in excess of Fund III’s hard cap. Kirkland & Ellis LLP served as fund counsel.

Global private equity investor Advent International (Advent) has completed fundraising for its flagship fund, Advent International GPE X. The Fund reached its hard cap of $25 billion (€22.1 billion) in commitments after less than six months in the market. Together with GPE X’s companion fund, Advent Tech II, the firm has raised over $30 billion in commitments in approximately 12 months from its limited partners and internal capital from Advent. Following the same successful strategy as its prior GPE funds, GPE X will have the flexibility to deploy capital across geographies, sectors, deal types and sizes. GPE X will maintain

Cathay Capital has launched Cathay Health, a new €500 million global fund dedicated to investing at the convergence of healthcare, life sciences and technology. Building on the success of the firm’s investment track record and platform, the new fund will focus on venture to growth-stage companies across Europe, North America and Asia. Cathay Health represents the latest expansion of Cathay Capital, which has invested nearly €500 million in the healthcare sector to date across 34 companies on three continents from its private equity and venture funds. C Cathay Health is backed by leading institutional and corporate investors such as French

CV VC has launched an African Blockchain Early-Stage Fund and published its inaugural African Blockchain Report. African nations are amongst the fastest crypto adopters globally, but the African Blockchain Report moves past crypto to look at the underlying revolutionary blockchain movement, set to enable the continent to transact and interact for the well-being of its people and economies. It delivers a succinct analysis of regulation, industry, and the stakeholders who are leading the transformations.

Global alternative asset manager ICG has held the final close of its Asia Pacific Fund IV at $1.1 billion, exceeding its target of $1 billion. Fund V, which is 60 per cent larger than its predecessor fund, received support from a broad and international group of investors looking for exposure to Asia and is currently 32% deployed, with four deals completed to date.    The fund represents ICG’s flagship strategy for Asia, with 20 years of track record in the region, focusing on locally sourced and directly originated mid-market companies in developed Asia. The team continues to pursue its highly

Canadian venture capital firm Round13 has launched a new fund dedicated to investing in the emerging blockchain and digital assets market. The fund, which has raised $70 million to date and is targeting $100 million, is operated by Managing Partners and blockchain/digital asset market veterans, Satraj Bambra and Khaled Verjee.  The lead investor is a major Canadian pension fund, with additional participation from institutions, high-net-worth individuals, family offices, and members of the Round13 team. The fund is also partnered with Satstreet, one of Canada’s fastest growing digital investment firms with a deep network of relationships in the crypto universe.

Stellus Capital Management, a specialist in middle market direct lending, has held the final close of Stellus Credit Fund III (SCF III) with approximately $1.8 billion on investable capital, including target leverage, capital commitments to SCF III, investor-specific vehicles, and a newly launched private Business Development Company (Stellus Private Credit BDC (SPBDC). SCF III, the successor to Stellus Credit Fund II (a $478 million fund closed in September 2018), has already invested in 36 portfolio companies.   As part of the firm’s focus on offering diverse options to meet investors’ structural needs, Stellus raised $225 million of anchor capital for