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Brookfield has become the latest alternatives giant to join the trillion-dollar-AUM club. Plus: climate fundraising in 2024 has already overtaken last year's total; and another group of financial institutions has left a climate initiative under pressure from Republican lawmakers. Here's today's brief, for our valued subscribers only.

Buyout, growth equity, venture capital, secondaries and other private equity funds raised $254bn in the first half, nearly matching the results of a year earlier.

LPs are increasingly pushing for bespoke fund terms, creating added complexity for back-office functions.

Headwinds were likely caused by the continued transition to higher base interest rates and a slow-down in M&A activity.

TPG is joining a host of firms looking to further tap private wealth capital. Plus: SoftBank's tiny profit and a milestone for the secondaries industry. Here's today's brief, for our valued subscribers only.

Clearlake’s deal, one of a string of such transactions put together by the firm, is part of a wave of GP-led secondaries keeping the market busy.

The fund will invest in the middle-market infrastructure sector.

The closing brings total capital raised to $580 million for the overall strategy, which includes a portion of commitments from The Rise Fund.

The world of venture capital is colliding with secondaries to tackle a dearth of liquidity, according to a new white paper. Plus: Carlyle raises $12.4 billion in a single quarter; and MassPRIM is piling back into VC. Here's today's brief, for our valued subscribers only.