Ares Management Corporation (Ares), a global alternative investment manager, has held the final closing of its Ares Special Opportunities Fund II (ASOF II) at its hard cap of $7.1 billion of commitments, including General Partner commitments, way in excess of its $4.0 billion target. In January 2017, the Ares Private Equity Group developed its Special Opportunities strategy as an expansion of its flexible capital investment activities and to be a non-control complement to Ares’ existing for-control private equity strategy. As part of an integrated Private Equity team located across the US and Europe, the Special Opportunities strategy comprises 24 investment

Sidra Capital, a Saudi based alternative asset manager, in partnership with BlackRock Alternatives, has held the first close of the Sidra-BlackRock Asia-Pacific Private Equity Strategy. The bespoke strategy looks to provide investors with unique Shari’ah compliant private equity opportunities in the Asia-Pacific (APAC) region. The strategy leverages BlackRock’s established GP network and strong deal flow to access leading managers with compelling transactions. The strategy is structured to provide investors with a diversified exposure to the APAC region. APAC comprises of countries located in the East, South, and Southeast Asia as well as Australia and Oceania. APAC private equity has consistently

Bregal Sagemount (Sagemount), a growth-focused private equity firm, has held the final closing of the Bregal Sagemount Fund IV (Fund IV) at its hard cap of $2.5 billion, 66% larger than its prior fund. Fund IV will continue the investment strategy Sagemount has pursued since inception in 2012, providing flexible, solution-oriented capital to durable growth businesses with high recurring revenues, operating in end-markets with uncorrelated secular growth characteristics. Sagemount launched the Fund IV raise earlier this year and was fully allocated over the summer. The fund had a 100% Limited Partner participation rate and a 130% re-up rate by dollar

SWEN Capital Partners (SWEN CP), a specialist in responsible private equity, has held the the final close of SWEN Infra Multi-Select 4 (SIMS 4), which is classified as an Article 8 fund under the EU’s SFDR, at €470 million.  SWEN CP has now raised more than €1 billion over the last 12 months in multi-strategy infrastructure and equity investments across its mandates, advisory clients through its SIMS 4 fund and SWEN Exclusive Infrastructures, a fund dedicated to the needs of private banking that was launched in October 2021 via co-investments with SIMS 4. SIMS 4 offers a predominately European investment

Zenyth Partners (Zenyth), a healthcare-focused private equity firm specialising in consumer-facing and tech-enabled healthcare services, has closed a continuation fund composed of both secondary and primary capital commitments, co-led by funds managed by BlackRock and Manulife Investment Management with support from Newbury Partners.

Bonaccord Capital Partners II, the second fund from Bonaccord Capital Partners, a private equity firm focused on acquiring non-controlling equity interests in leading mid-sized alternative asset managers, has secured a $350 million capital commitment from investment manager CAZ Investments. The tow business have a long-term strategic partnership which has resulted in over $1 billion in aggregate capital commitments since 2020. Bonaccord, an affiliate of multi-asset class private markets solution provider P10, Inc, specialises in making strategic minority investments in mid-sized alternative asset managers across private equity, private credit, real estate, and real assets globally.   

Global investment solutions provider Russell Investments has launched a new global unlisted infrastructure fund. The Luxembourg-domiciled open-ended private markets fund aims to invest in opportunities that address the need for new infrastructure solutions to meet evolving social and economic demands.  It is classified as Article 8 for SFDRi purposes, in line with the firm’s commitment to offering sustainable solutions to help achieve clients’ investment goals. Currently only available to professional investors based in the UK, the Russell Investments Global Unlisted Infrastructure Fund gives exposure to a global infrastructure portfolio diversified across sectors, geographies, revenue structures and transaction types with a