North America

The global fundraising market saw its most muted first half since the covid-19 pandemic with $383.6bn raised in H1 2025, according to PEI data.

The transport and logistics sector faces increased risk and subdued fundraising in an uncertain environment.

Gating mechanisms protect value for investors, Peter von Lehe, head of investment solutions and strategy, tells PEI.

The fundraising brings Dextra’s total assets under management to about $5 billion.

Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

Lexington Co-Investment Partners VI, launched in December 2023, has a target of $4bn, and has so far raised $3.75bn.

The fund aims to bolster local economies with investments.

The $1.3bn multifamily office allocates 20-30% towards alternatives for most clients, founder and ex-a16z partner Michael Paulus tells PEI.

Some 31% of LPs saw their private equity allocation drop between January and June – a dynamic most pronounced among foundations and endowments, according to PEI's H1 2025 Investor Report.

Jaime Alvarez, head of PE and sustainable infrastructure, tells PEI the £36bn fund is bullish on Asia and explains why it could implement an evergreen structure despite questions about conflicts within this burgeoning community.