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Led by Ex-Platinum Equity Executives, Firm Garners Significant Investor Interest Truelink Capital, founded by former Platinum Equity executives, has successfully closed its inaugural fund at $875 million, exceeding its hard cap. The firm’s strong reputation and experienced leadership team attracted substantial investor interest, resulting in an oversubscribed fundraise. Truelink Capital will leverage this capital to target middle-market companies, focusing on sectors such as industrials, technology, and consumer products. The firm’s strategic approach and deep operational expertise are anticipated to drive significant value creation in its portfolio companies. This debut fund marks a promising start for Truelink Capital in the competitive private equity landscape.

RedBird Capital Partners, under the leadership of Gerry Cardinale, has successfully closed its fourth flagship fund at $4.7 billion. The New York-based private equity firm, known for its investments in sports, media, and financial services, continues to bolster its portfolio with high-profile deals. RedBird's recent fundraise follows a series of significant investments, including the acquisition of AC Milan for $1.3 billion and a $1.5 billion joint venture to acquire the UK-based production company All3Media. The firm also holds stakes in entities like the YES Network and the Alpine F1 Team, underscoring its commitment to the sports and entertainment sectors​

Clearlake Capital Group has successfully raised $7.5 billion for its eighth buyout fund, reaching nearly half of its $15 billion target and setting a $16.7 billion hard cap. This latest milestone underscores the firm’s robust fundraising capabilities and investor confidence. Clearlake’s Fund VIII aims to capitalize on opportunities in sectors such as technology, industrials, and consumer services. This fundraising achievement follows a series of successful exits, with gross realizations of $17 billion between 2021 and 2023, nearly tripling the volume from 2018 to 2020. The firm continues to leverage its operational improvement strategies and sector expertise to drive value creation in its portfolio companies.

Calpers to direct $25bn to green private market investments https://www.ft.com/content/cebeb72e-036a-4da4-a05b-c6e74b5193f1

Behrman Capital is approaching the final close of its seventh flagship fund, targeting $500 million. Launched two years after the $422 million Fund VI, Fund VII continues Behrman's strategy of investing in mid-market buyouts and recapitalizations across the healthcare, defense, and specialty manufacturing sectors. The New York-based firm, founded by brothers Grant and Darryl Behrman, has over $3 billion in assets under management and leverages its extensive industry experience to drive portfolio growth and value creation​.

MetLife Investment Management (MIM) has announced the launch of its $1.2bn private equity fund, MetLife Investment Private Equity Partners II. The fund's formation marks a significant expansion in MetLife's management of private capital for external investors, with a focus on global diversification. In a managed secondary sale transaction anchored by Lexington Partners, MIM acquired a portfolio valued at approximately $860m, alongside commitments totaling $975m from MetLife affiliates. A portion of this transaction was syndicated to other institutional clients. The fund aims to deploy approximately $250m towards new private equity opportunities, leveraging MIM's extensive track record in deploying over $20.0bn in alternative investments since 2010. This move follows strong returns from MetLife's general account's private equity portfolio, which held $14.3bn in assets as of March 31, 2024. Evercore acted as the advisor to MIM for this strategic initiative.

Avesi Partners, leveraging strong investor demand, has closed its second fund, surpassing its initial $1.35 billion hard cap target after a successful debut fund of $875 million. The oversubscription reflects confidence in Avesi's strategic approach and robust performance track record in sectors such as healthcare and technology. This milestone underscores Avesi's ability to attract capital amid competitive markets, positioning the firm for continued growth and investment success in its targeted industries.

Firm's Latest Fund to Support Impact-Driven Private Equity Investments Minneapolis-based North Sky Capital has successfully closed its sixth impact secondaries fund, raising $250 million. The firm, which specializes in impact investing, aims to provide liquidity to private equity funds with a focus on sectors like cleantech, sustainable food and agriculture, and healthy living. The latest fund underscores North Sky's commitment to generating strong financial returns while delivering measurable environmental and social impact. Founded in 2000, North Sky Capital is a leading impact investment firm with over $1.4 billion in committed capital. The firm leverages its extensive experience to invest in private equity secondaries and sustainable infrastructure, furthering its mission to create a positive global impact. This new fund aligns with North Sky's strategy to address critical challenges through targeted investments in high-impact sectors​.

Oversubscribed Fund IV Targets Healthcare and Financial Sectors New York-based private equity firm Lee Equity Partners has successfully closed its fourth fund, raising $1.3 billion. The fund, which exceeded its initial target of $1 billion, attracted a diverse group of global investors, including family offices, private and public pensions, funds of funds, sovereign wealth funds, and insurance companies. Fund IV will continue the firm's strategy of investing in mid-market companies within the healthcare and financial services sectors. This latest fundraising effort underscores Lee Equity Partners' commitment to partnering with founders and management teams to build market-leading businesses​.

LGT Capital Partners, a global leader in alternative investments, has successfully completed the final closing of its third direct secondaries fund, raising a substantial $3 billion. The fund, aimed at acquiring secondary positions in private equity assets globally, attracted significant interest from institutional investors, underscoring confidence in LGT's expertise and strategy. This milestone reflects LGT's strong track record in navigating the secondary market and highlights its continued commitment to delivering value for investors through strategic acquisitions. The capital raise positions LGT Capital Partners strongly for further growth in the competitive private equity landscape, leveraging its established network and extensive industry insights.

Record-Breaking Fund: Over $15 Billion Raised New Mountain Capital, a New York-based alternative investment firm, has closed its seventh fund, New Mountain Partners VII, at $15.4 billion. This includes $14 billion from limited partners and $1.4 billion from the general partner, the firm’s largest GP commitment to date. The fund will continue New Mountain’s strategy of investing in non-cyclical growth sectors and business building​. Fund VII attracted over 400 investors, including pension funds, insurance companies, and sovereign wealth funds. The firm, known for its disciplined investment approach, aims to enhance its portfolio with strategic and operational expertise, focusing on sectors such as healthcare technologies and advanced data analytics​​. This successful fundraising follows the oversubscribed closing of New Mountain's previous fund, which raised $9.6 billion in 2020. With nearly $55 billion in assets under management, New Mountain Capital continues to demonstrate strong market presence and investment capabilities​.

Iron Path Capital, a Nashville-based private equity firm, has successfully closed its latest fund at $273 million. The firm specializes in investments within the healthcare and industrial sectors. This latest fund will bolster Iron Path's strategy of driving growth and operational improvements in its portfolio companies.