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Veritas Capital has held the final close of its ninth flagship fund, The Veritas Capital Fund IX, securing $14.4bn in capital commitments. The raise was significantly oversubscribed, and exceeded the original $13bn target.
Apollo Global Management president Jim Zelter has warned that the private equity industry faces an inevitable shakeout, with some firms unlikely to survive the prolonged fundraising slowdown, according to a report by Bloomberg.
Middle-market private equity firm One Equity Partners, has completed fundraising for its ninth and largest fund to date, One Equity Partners IX, which together with its affiliated parallel funds reached $3.25bn in capital commitments.
MiddleGround Capital, a Kentucky-based PE firm managing over $4.1bn, has appointed Tim Curley as Managing Director, Exits & Realizations, joining the firm’s New York office to oversee exit strategies and portfolio monetisation initiatives.
Blackstone Inc has increased its private credit facility for Dropbox Inc to $2.7bn, adding $700m to the original $2bn loan arranged last December to support the file-sharing company’s stock repurchase program, according to a repot by Bloomberg.
Envestnet, the wealth management technology provider taken private by private investment major Bain Capital in 2024, has unveiled a five-year growth plan that includes a $1bn investment in research and development.
AlbaCore Capital Group has expanded into infrastructure debt with the hire of Viktor Kozel and three colleagues from UBS Asset Management, as private credit managers increasingly push into the sector, according to a report by Bloomberg.
TPG has taken a stake in a $290m single-asset continuation fund centred on Israeli insurtech company Earnix, in a deal led by Jerusalem Venture Partners (JVP) which first invested in the business in its early stages, according to a report by Bloomberg.
India is rapidly emerging as the centre of gravity for private equity in Asia, with global firms from KKR to Blackstone elevating Mumbai-based executives to lead regional strategies and committing billions in fresh capital, according to a report by Bloomberg.
KKR & Co chief financial officer Robert Lewin has warned that some private equity firms will disappear as the sector enters a period of consolidation amid a prolonged slowdown in dealmaking and a squeeze on GPs that over-invested during the 2021–2022 boom, according op a report by Bloomberg.
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