Fundraising

The firm, now known as ECP Growth, will look to new investments and new sources of capital under its fresh moniker.

Invictus Growth Fund II’s LPs include pension plans, endowments, foundations, insurance companies, healthcare institutions and family offices.

The fundraising haul puts the firm on track to hit its $5bn target for Arcline Capital Partners IV.

Fund II will target founder-owned companies across the Southeastern US, with a focus on the franchise, multi-unit and commercial services sectors.

ODI III will focus on developing, acquiring, and owning data centers and other connectivity related real assets.

PX3 Partners Fund I’s LPs include asset managers, endowment and foundations, global family offices, insurance companies, and pension funds, as well as prominent business founders and executives.

The move by the asset management giant, which has around $603bn in insurance AUM, reflects a global trend among GPs.

Fund II’s limited partners included pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers.

KPEIF III is focused on acquiring and developing large-scale oil and natural gas assets.