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GHK Capital Partners has successfully raised $870 million for its second fund, GHK Fund II, surpassing its $650 million target and original $800 million cap. The Greenwich, Connecticut-based firm, founded in 2018, focuses on acquiring and professionalizing middle-market industrial companies in North America. GHK Fund II more than doubles the size of their first fund, which closed at $410 million in 2022. The firm aims to identify companies with strong growth potential, partnering with management teams to drive operational improvements and value creation.

Peak XV Partners, the rebranded entity from Sequoia Capital, has announced a significant reduction in its latest growth fund, slashing it by $465 million. This move follows a strategic reevaluation, allowing the firm to lower management fees to 2% across three growth funds and four multistage funds. The adjustments aim to enhance competitiveness in the evolving private equity landscape. With this fund restructuring, Peak XV Partners continues to focus on tech and industrial sectors, positioning itself for future growth opportunities while addressing the shifting investor sentiment. This strategic pivot underscores the firm's commitment to delivering value to its Limited Partners amidst challenging market conditions.

LGT Capital Partners has raised $7 billion for its latest secondary fund, focusing on private equity and venture capital opportunities. The firm, known for its expertise in alternative investments, plans to leverage its global network to acquire stakes in mature companies. This capital raise significantly exceeds the $5.5 billion target, signaling strong investor demand. The new fund will primarily focus on secondary transactions, offering liquidity solutions for institutional investors. LGT Capital’s latest fundraise underscores its growing influence in the secondary markets across both PE and VC sectors.

Summit Partners has successfully closed its $9.5 billion U.S. Growth Equity Fund XII, marking the firm’s twelfth fund dedicated to investing in profitable, growth-stage companies. The fund, launched in April 2024, was closed in five months. Summit plans to continue its focus on sectors like technology, healthcare, and growth products and services, with investment targets ranging from $75 million to $500 million. The firm, which now manages over $46 billion in assets, is known for its hands-on partnership with portfolio companies, leveraging deep industry expertise to support long-term growth strategies.

Private equity firm TJC has successfully closed its second continuation fund at $2.1 billion, extending the life of The Resolute Fund III. The New York-based firm aims to support growth and value creation for portfolio companies, with a focus on industrial and tech businesses. TJC's ongoing investments are geared toward accelerating key strategic initiatives, positioning portfolio companies for long-term success. This capital raise reflects investor confidence in TJC’s proven track record, especially in delivering strong returns through sector-specific focus. The continuation fund allows TJC to provide further operational support and pursue add-on acquisitions for its portfolio businesses.

New York-based Firm Targets Tech and Industrial Sectors OceanSound Partners, a New York-based private equity firm, has closed its second fund at $1.49 billion, surpassing its initial target. The firm focuses on tech and industrial businesses, particularly companies undergoing operational and technological transformation. OceanSound’s successful fundraising highlights strong investor confidence in its strategy, following the solid performance of its debut fund. The firm’s focus remains on middle-market companies, with an emphasis on sectors ripe for innovation and growth. The fund will continue to target investments across North America.

Gallant Capital Partners, a private equity firm specializing in tech and industrial sectors, has raised $406 million for its second fund. The Los Angeles-based firm exceeded its initial target, building on its success in operationally-focused investments across North America. Gallant’s portfolio targets middle-market companies, with a strong emphasis on enhancing operational efficiency and driving long-term growth. The firm’s first fund also delivered strong returns, fueling demand from a diverse base of institutional investors.

Chicago-based Prospect Partners has successfully closed its fifth fund at $225 million, surpassing its target. The firm specializes in investing in lower-middle-market companies across North America, focusing on niche leaders in various industries. With a track record of over 50 platform investments since its founding, Prospect Partners will continue its strategy of supporting smaller, growth-oriented businesses. The fund will target companies with enterprise values under $75 million, aiming to drive operational improvements and strategic growth. This latest capital raise follows the firm's commitment to identifying long-term opportunities in the lower-middle-market space.

Coller Capital, a leading global private market secondaries manager, has introduced CollerCredit, an open-ended SICAV fund aimed at private wealth investors outside the U.S. The fund, seeded with over $250 million in capital from global investors, will focus on private credit secondaries, targeting absolute returns. This marks a significant shift for Coller, traditionally known for its large institutional client base, as it taps into the growing demand for private market access among wealthy individuals. The fund complements Coller’s established secondary offerings and aligns with broader trends in alternative credit investing.

Private Investment Arm Targets Clean Energy Transition Morgan Stanley Investment Management has secured $750 million for its 1GT (One Gigaton) Fund, aimed at accelerating the global shift to clean energy. The fund focuses on high-growth cleantech companies, supporting innovations in carbon reduction and sustainability. The 1GT Fund aligns with Morgan Stanley's broader commitment to ESG and sustainability investing, and it targets investments that can drive a gigaton of carbon reductions. The firm’s private equity arm continues to position itself as a leader in the transition to a greener economy.

New York-based W Capital Partners is raising $1 billion for its sixth secondary fund, W-Prime VI, according to reports from Secondaries Investor. W Capital focuses on providing liquidity solutions through secondary transactions, allowing investors to sell stakes in private companies or funds. The firm has a history of success, managing over $5 billion across previous funds and specializing in secondary private equity investments. W-Prime VI is expected to continue this strategy, focusing on mid-market companies and partnering with institutional investors. The capital raise signals strong demand for secondary market solutions amid a shifting economic environment.

Fund Backed by Defined-Benefit Pension Schemes, Targets Mid-Market Lending TPT Investment Management has launched a £650 million private credit fund, primarily backed by UK defined-benefit pension schemes. The fund aims to provide mid-market direct lending solutions to companies in the UK, focusing on sectors with stable cash flows and lower credit risks. This initiative reflects TPT's growing role in the private credit space, expanding their alternative investment offerings. With the backing of major pension schemes, TPT is positioning itself to capitalize on the demand for flexible financing in an uncertain economic environment. The fund's launch highlights the firm's strategy of leveraging institutional capital to drive long-term, sustainable returns.