Private Markets

Blackstone, a leading investment manager, is reportedly in the final stages of raising approximately $400 million for its Blackstone Private Credit Fund (BCRED), aiming to secure additional investment advantages. The New York-based firm plans to raise funds through collateralized loan obligations (CLOs) secured by loans held by its flagship $52 billion private credit fund, according to documents viewed by the Financial Times...

In the face of challenges in the private equity fundraising landscape, French buyout group PAI Partners has successfully closed its latest fund, PAI Europe VIII, raising an impressive $7.59 billion. This exceeded the company's initial target and stands as a testament to investor confidence in PAI's Real Economy strategy and its consistent performance throughout economic cycles...

In a significant move towards addressing global challenges and promoting sustainable development, leading investment firm KKR recently closed its $2.8 billion Global Impact Fund II ("GIF II"). The fund, succeeding its predecessor, is designed to invest in companies whose products and services contribute to advancing the United Nations Sustainable Development Goals (SDGs)...

In a significant move towards advancing the global energy transition, Blackstone and Vista Equity Partners have jointly acquired Australian energy market software provider Energy Exemplar, a deal worth approximately $1 billion, according to undisclosed sources. The acquisition highlights a strategic bet on the growing demand for simulation tools that enable power utilities, grid operators, and renewable energy developers to optimize production capacity and efficiency in an evolving energy landscape...

In a remarkable feat, global investment firm Blackstone has successfully reached its $40 billion target for its infrastructure unit, just six years after its inception. This achievement highlights the firm's strategic prowess and its commitment to driving sustainable and transformative investments in the infrastructure sector...

In a significant move towards democratizing access to private equity, J.P. Morgan Asset Management's Private Equity Group (PEG) has unveiled the JPMorgan Private Markets Fund (JPMF), an evergreen private equity fund registered under the 1940 Act. This pioneering venture provides both individual and institutional clients with an opportunity to invest in private equity with a minimum investment of $25,000, all while eliminating capital calls and offering simplified tax reporting...

Hamilton Lane, a leading global private markets investment firm, has marked a significant milestone as its Private Assets Fund (PAF) achieved $1 billion in Assets Under Management (AUM) as of August 31, 2023. This achievement comes on the back of exceptional historical performance, with the fund delivering an impressive annualized return of 17.48%.

In a strategic move to prioritize its core businesses, Wells Fargo (WFC.N.) announced that it has successfully divested approximately $2 billion worth of its private equity investments. This decision aligns with a broader industry trend of financial institutions streamlining their operations and shedding non-core assets in response to economic uncertainties and the Federal Reserve's efforts to ensure a smooth economic transition...

In a significant move that underscores its commitment to revolutionizing healthcare in Asia, Quadria Capital, a leading healthcare-focused private equity firm, has announced its ambitious plan to raise up to $1 billion for a new healthcare fund. The fund is poised to drive innovation, accessibility, and quality in the healthcare sector across the Asian continent...

In a landmark development, private investment funds are poised to allocate significant resources towards compliance efforts following the recent implementation of a new rule by the U.S. Securities and Exchange Commission (SEC). This move underscores a growing commitment within the industry to uphold transparency, accountability, and regulatory adherence...