PE Tech Report

Funds

Adenia Partners, a private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V at its $470m hard cap. The significantly oversubscribed fund attracted commitments from new and existing investors globally.
Arctos, a private investment firm that provides bespoke growth and liquidity solutions, to sports franchises , has held the final close of Arctos Sports Partners Fund II, with over $4.1bn in commitments including co-investment and affiliated vehicles.
The Abu Dhabi Investment Authority has committed $1bn to a new $2bn private credit fund launched through a partnership between Barclays and AGL Credit Management, according to a report by Bloomberg.
Hildred Capital, a middle-market, healthcare-focused private equity firm, has closed a multi-asset continuation fund led by secondary PE specialist Lexington Partners at over $750m in capital commitments.
Private credit manager Pemberton Asset Management has held the final close of its Strategic Credit Fund III at €2.3bn, bringing total AuM across the three vintages of the strategy to €4.9bn.
Percheron Capital, a private equity firm focused on partnering with high-quality essential services businesses, has closed its second fund, Percheron Capital Fund II , with $1.55 billion in total commitments.
Fundraising
Partners Group, a Swiss-based global private equity firm with $147bn in assets under management, is targeting $12bn for another private equity secondary strategy fund that will focus on deals in the Asia Pacific region, according to a report by Reuters.
Nearly two-thirds of PE and VC firms are planning to raise funds in 2024, with the sector anticipating future interest rate cuts from central banks, according to a new survey by Acuity Knowledge Partners (Acuity) canvassing the opinions of 128 private markets firms.
TPG Inc is to cut the China investment allocation of its eighth Asia buyout fund, which is set to close with around $5bn in total capital commitments, by about 50% compared with previous funds focused on the region, according to a report by Bloomberg.
Golding Capital Partners has raised nearly €280m for its latest secondaries fund with the vehicle on track to attract more capital commitments than the firm’s inaugural secondaries fund, according to a report by Secondaries Investor.

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16 May, 2024 – 8:30 am

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