PE Tech Report

Funds

Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of Stonepeak Asia Infrastructure Fund with $3.3bn in total capital commitments, in excess of its original $3bn target.
UK mid-market private equity firm Limerston Capital has closed its second fund, Limerston Capital Partners II, with total commitments of £245m from both existing and new LPs across the US, Asia and Europe. 
Pennsylvania-based middle market private equity firm Riverarch Equity Partners, formerly PNC Riverarch Capital, has closed its latest private equity fund, Riverarch Equity Partners IV, with $1.bn in commitments. 
Manulife Investment Management has closed Manulife Capital Partners VII, its $752m private credit fund, which will focus on 20-30 portfolio companies with over $20m in EBITDA across sectors including business services, industrial manufacturing, aerospace and defence, as well as building products. 
Capitol Meridian Partners, a Washington-based investment firm founded by former Partners at Carlyle, has raised more than $1bn to back US government contractors, aerospace and defence companies, according to a report by Bloomberg. 
Coller Capital, an investment firm focused on the secondary market for private assets, has committed to Permira’s new continuation fund, becoming the fund’s largest investor and accounting for 50% funds raised.
Private markets investment firm Hamilton Lane has held the closing of Strategic Opportunities VIII, the latest in the firm’s flagship credit series, with $700m in total capital commitments, bringing the total raised across the annual fund series to date to $4.9bn.
Platinum Equity is targeting a fundraise of $1.75bn for its second small-cap fund, Platinum Equity Small Cap Fund II, which was unveiled last year, according to a report by BuyoutsInsider.
Mumbai-based private equity firm Kedaara Capital is closing in on raising $1.7bn for its fourth private equity fund, which, if achieved, would make it India’s largest ever buyout fund and 54% bigger than its predecessor PE vehicle, according to a report by Reuters. 
Goldman Sachs is planning to raise funds for its ninth private equity fund later this year, according to a report by Reuters citing comments made by Chief Executive Officer David Solomon at a conference in Miami on Tuesday.

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