Allocations
The Blackstone Private Credit fund (BCRED) has reported a net return of 12.4 per cent since launch and an 8.5 per cent distribution yield for 2021, according to a report by Barron’s Online.
While the S&P 500 was down more than 5 per cent during the first month of 2022, and the Bloomberg US Aggregate Bond Index, was down more than 2 per cent, BCRED chalked up a return of almost 1 per cent.
Abrdn’s latest venture capital fund of funds has attracted USD90.7 million to date in capital commitments according to a report by CityWire.
A regulatory filing with the Securities and Exchange Commission reveals that the fund is targeting USD250 million in total, while a Chicago Teachers’ Pension Fund (CTPF) board meeting document from 17 February details a USD15 million commitment. The fund has previously committed USD25 million to AVP XI in 2019 and 2021, plus an additional USD25 million to AVP XII.
CityWire quotes the CTPF documents as saying that the fund seeks to ‘create a concentrated portfolio of early-stage, tech-focused
Northlight Capital Partners, a leading middle-market real estate credit fund manager, has announced the second closing of its third institutional fund, Northlight Real Estate Opportunity Fund III (NREOFIII).
Together with Northlight’s co-investment separately managed accounts, total capital commitments now exceed USD125 million.
NREOFIII has already closed on 14 transactions, totalling USD109 million of fund and co-investment equity capital. These investments range from acquiring sub- and non-performing loans secured by real estate to originating new loans secured by residential land development projects.
Northlight expects to have the NREOFIII final closing at the beginning of the second quarter of 2022.
Principal Real Estate, the real estate investment team for Principal Global Investors, has completed the first close of its closed-end fund dedicated to acquiring data centre assets in Europe.
The initial capital raise for the Principal European Data Centre Fund (the Fund) beat its target, reaching EUR155 million. Subscriptions were received from seven investors, including asset managers, pension funds, and insurance companies located in France, Germany, Spain, and Malaysia. The amount is one-third of the total equity hard cap of EUR450 million set by Principal for the Fund.
The Fund will focus on manage-to-core data centre assets. At least 60
Pioneer Point Partners (Pioneer), a specialist sustainable infrastructure investment firm, has reached a Final Close of EUR575 million on its maiden institutional fund, Pioneer Infrastructure Partners SCSp.
The Final Close exceeded the EUR500 million target that Pioneer initially set.
The Fund generated significant interest, with commitments from 15 highly reputable and long-established European and North American institutional investors, including pension funds, endowments, insurance companies, financial institutions and family offices.
The Fund is targeting a 15 per cent-plus IRR over a ten-year term, including an annual cash yield of 4-6 per cent, through a diversified portfolio of eight to 10 investments.
Fiera Real Estate UK (FRE UK) has held the final close of Fiera Real Estate Opportunity Fund V (FREOF V) at GBP180 million.
FREOF V is the fifth and largest Fund in the Firm’s value add series which has raised over GBP780 million to date.
The firm launched FREOF V in November 2019 to take advantage of the unprecedented transitional buying opportunities created by Brexit and the Covid-19 pandemic. The fund is targeted to deliver a 15 per cent total net IRR to investors with little to no leverage.
The GBP180 million came from both UK and overseas investors, which,
The Solas Sustainable Energy Fund ICAV, a new EU-focused fund targeting energy efficiency investments, has reached its first close at EUR140 million.
Strategic Investments European Fund for The European Investment Bank (EIB) committed a EUR30 million cornerstone investment to SSEF, backed by the (EFSI), the main pillar of the Investment Plan for Europe. As one of the largest providers of climate finance, the EIB supports projects that promote the priorities and objectives of the European Union.
SSEF also signed an agreement with the Private Finance for Energy Efficiency (PF4EE) support scheme, a joint initiative launched by the European Commission via
BACKED is to launch two new EUR75 million funds to invest in Europe’s boldest entrepreneurs. ‘BACKED Core 2’ continues to invest in seed-stage startups and ‘BACKED Encore 1’ is dedicated to follow-on investments in later-stage rounds of existing portfolio companies.
Co-founded and launched in 2016 by Partners Andre de Haes and Alex Brunicki, BACKED has grown to a team of 10. The portfolio now consists of 67 companies with an aggregate value of EUR10.7 billionn including three unicorns: SkyMavis, the company that experienced the fastest revenue growth in history through their play-to-earn game Axie Infinity, the cloud-native core banking platform
Slate Asset Management (Slate), a global alternative investment platform targeting real assets, has launched an impact investment strategy focused on infrastructure and appointed Christian Schmid as Managing Director and Global Head of Infrastructure.
Schmid will lead the firm’s new Cities and Communities Impact Infrastructure Strategy, which will target infrastructure assets that advance the global energy transition and drive reductions in carbon emissions associated with our cities and communities.
Schmid has more than 15 years of experience in public and private infrastructure investments, having led the origination and execution of infrastructure transactions valued at approximately USD40 billion across Europe, North America
Amati’s Alternative Investment Market (AIM) VCT has sold out within five days of launching its offer, raising GBP25 million from private investors, GBP13 million of which was in the first 90 minutes and GBP21 million was raised on the first day.
This beats its previous record of raising more than GBP7 million within the first 90 minutes of its fund raise in February 2019. It comes in a record year for VCTs sales with more than GBP821 million sold, with six more weeks until the tax year end.
The offer launched at 10am on Wednesday 16th February and one
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
