Allocations
StepStone Group (StepStone) has held the final closing of its secondary private equity fund, StepStone Secondary Opportunities Fund IV (SSOF IV), raising USD2.1 billion of commitments. The fund surpassed its original target of USD1.25 billion. Together with capital from separately managed accounts, StepStone has raised over USD2.4 billion for its differentiated secondary private equity strategy.
Limited partners in the fund consist of both existing and new investors from around the world, including sovereign wealth funds, public and corporate pension plans, insurance companies, endowments and foundations, family offices, and financial services and advisory firms.
SSOF IV’s investment strategy focuses on the
Milltrust International Group has launched The Climate Impact Asia Fund in collaboration with Environmental Investment Services Asia Limited and WWF Hong Kong.
The fund, targeting a size of USD 500 million, will invest in Asian-listed companies making a positive impact with regards to climate change.
The target companies are focused on delivering sustainable long-term returns which provide a positive impact through renewable energy, environmental services, water treatment and distribution, low-carbon transportation and energy management services.
The Asia-Pacific region is responsible for almost half of global carbon dioxide emissions, and is also the region most exposed to climate risks. The region
Qiming Venture Partners has closed Qiming Venture Partners Fund VII, a new USD1.1 billion fund focused on early stage Healthcare and TMT investments.Qiming has again secured support from its long-term LP base in Fund VII as well as attracting several new LPs. As in prior funds, the vast majority of Qiming’s capital comes from a prestigious group of endowments, foundations, family offices, and private pensions.
Fund VII is led by Managing Partners Duane Kuang, Nisa Leung, William Hu, and Gary Rieschel, with investment and administrative teams based in Shanghai, Beijing, Shenzhen, and Hong Kong. Qiming anticipates investing Fund VII in domain
Crescent Capital Group, an alternative credit investment firm, has held the final closing of its second European specialty lending fund, Crescent European Specialty Lending Fund II (CESL II), with total limited partner equity commitments of approximately EUR1.6 billion. The fund has both levered and unlevered sleeves.
CESL II was meaningfully oversubscribed, exceeding its initial target of EUR1 billion as well as its initial hard cap. This fundraise represents a significant increase from its predecessor fund, Crescent European Specialty Lending Fund I (CESL I), which announced its final close in December 2015 at EUR500 million of LP capital commitments.
CESL II attracted
YFM Equity Partners has held a final close of its Buyout Fund II with GBP80 million of committed capital and participation from new high net worth and entrepreneurial investors.
Buyout Fund II will follow on from YFM’s first buyout fund that closed on GBP45 million in April 2017, and which recently completed its investment programme, with ten investments made within three years.
“The majority of Buyout Fund I investors have come into the new fund which is a strong sign of support from our investor base,” said Mike White, YFM’s partner responsible for fundraising and investor relations.
“We’re also pleased
Accellion, a provider of an enterprise content firewall that consolidates, controls, and secures sensitive third party communications, has announced a USD120 million financing round led by Bregal Sagemount.The Accellion enterprise content firewall protects the IP, PII, PHI, and other sensitive content that companies share everyday with suppliers, customers, and partners. By consolidating security across common 3rd party communication channels, Accellion provides total visibility and security, while simplifying IT infrastructure to reduce costs.
“We are very excited to bring on Sagemount as a strategic and financial partner. Given their success investing in market-leading, high-growth software companies, we believe they are the right
The number of alternative fund managers choosing to market their funds into the EU through Jersey using national private placement regimes (NPPR) continued to grow in the second half of 2019, according to the latest figures from Jersey’s financial services regulator.Data from the Jersey Financial Services Commission (JFSC) shows that, as at 31 December 2019, there are 183 Jersey-registered managers opting to market into the EU through NPPR, a figure that has risen 6 per cent since June 2019 and by 9 per cent year-on-year.
Meanwhile, the total number of Jersey alternative funds being marketed into the EU through NPPR
Maven Capital Partners (Maven), has led an investment in Nano Interactive Ltd (Nano), an advertising technology business which specialises in intent targeting based on multiple signals including online search. Alongside the equity investment from Maven, the transaction has been supported by existing shareholders including Foresight Group LLP (“Foresight”).
The investment by Maven and Foresight will go towards supporting growth in sales and marketing operations, continued product development, as well as the establishment of an operation in the US.
To date the group has already delivered over 2000 campaigns through its award winning platform which connects brands with premium publishers
Arlington Capital Partners (Arlington) portfolio company, AEgis Technologies (AEgis) has acquired Excivity. Since its founding in 2006 by Matt Ramsey, Excivity has created and deployed mission-enabling technologies, including specialised security applications and situational awareness toolsets, for the National Security community. Excivity is led by Chief Executive Officer and Founder Matt Ramsey and Chief Technology Officer Roger Edmiston. Matt and Roger will join the leadership team of AEgis and continue to manage the Excivity business.
“We have known Matt for some time and have always admired the technical solutions that Excivity brings to their customers. Excivity’s high-end and differentiated capabilities in
Mourant has advised CVC Capital Partners, on its latest Asia focused private equity fund, CVC Capital Partners Asia V. The fund successfully closed at its hard cap of USD4.5 billion. CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners’ previous Asia focused fundraisings. The fund received demand from a diversified global investor base of new and returning investors and exceeded its US$4 billion target.
Mourant LP Partner, Felicia de Laat, says: “It’s fantastic to see yet another significant fundraising of this size being completed by a Jersey based manager,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
