Allocations
Data analytics software company Sumo Logic has seen its share price soar by up to 30% on the back of reports that a trio of private equity firms – Thoma Bravo, Vista Equity Partners, and Francisco Partners – are all interested in acquiring the business.
Highland Europe has closed its fifth venture capital fund with €1 billion in capital commitments which will be used to further its strategy of backing founder-led teams in software and internet businesses across the continent.
Goldman Sachs is planning to significantly reduce the $59 billion of alternative investments – private equity and real estate – currently held by its asset management arm, and which dragged down the bank’s Q4 earnings, according to a report by Reuters.
SUSI Partners has held a first closing of the Energy Efficiency and Transition Credit Fund (SEETCF), its third credit fund, with €132 million in investor commitments. The fund, which will will be open to investors throughout 2023, has a €400 million target size.
SUSI’s credit platform has invested over €600 million into energy efficiency and broader energy transition solutions through its financing structures tailored to cater for energy-as-a-service business models.
SEETCF has received commitments from pension funds, insurance companies, and foundations based in the Nordics and the DACH region, with a high representation of LPs already invested in the predecessor
Audax Private Debt, a provider of financing solutions for middle market private equity sponsors, has closed Audax Direct Lending Solutions Fund II with $3.0 billion of capital commitments. The new fund, which reached its hard cap, exceeded its fundraising target of $2.25 billion and, including targeted leverage, provides New York-based Audax Private Debt with $4.5 billion of total investable capital.
Asian private equity investment firms Capital Square Partners and Basil Technology have merged through a new $700 million continuation fund to form a new company, also known as Capital Square Partners, according to a report by Bloomberg.
The report cites Sanjay Chakrabarty, a partner at the new firm, as saying that the deal between the Singapore-based firms is the the first of its kind in the region.
UBS Private Funds Group advised on the transaction that was structured through a continuation fund, known as CSP Fund II, which currently holds five assets and includes $250 million of fresh capital that
Garnett Station Partners, a New York-based private investment firm that manages ~$2 billion of assets, has closed GSP 4.0 Fund-A, LP and GSP 4.0 Fund-B, LP with total committed capital of $850 million, the fund’s hard cap.
B Capital has held the close of its third venture growth fund and related companion funds (Growth Fund III), with aggregate capital commitments of approximately $2.1 billion. The fund will target investments around the world with a particular focus on the US and Asia.
TR Capital, a secondary private equity fund manager in Asia, has selected IQ-EQ’s Hong Kong and Luxembourg teams to administer the Cayman and Luxembourg parallel structures of its new Fund V.
To date, TR Capital, which was founded in 2007 and has offices in Hong Kong, Singapore, Shanghai, Shenzhen and Mumbai, has closed four flagship funds, managed $1.2 billion of capital commitments and completed 39 secondary investments.
TR Capital specialises in secondary direct investments and fund restructurings, with a focus on companies in the technology, next-generation consumer, and healthcare sectors across China, India and Southeast Asia.
The Fund V mandate
Blackstone has held the final close of its latest global secondaries strategy, Strategic Partners IX, and inaugural GP-led continuation fund strategy, Strategic Partners GP Solutions with commitments of $22.2 billion and $2.7 billion respectively.Â
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
