Fundraising

The private equity stalwart has appointed former Investec fund financing veteran Tom Glover to help grow a GP and NAV-based lending strategy.

Sterling Investment Partners has raised $428.44 million for its fourth fund, according to an SEC filing.

Jake Elmhirst, who co-founded the firm's private funds group, had been head of private market content in its Wealth Management unit.

Vision Fund II launched in 2019 and failed to secure third-party commitments on the back of the underwhelming performance of its 2017-vintage predecessor.

Fund II is seeking roughly the same amount raised by Mountaingate’s inaugural fund, closed in 2017 at a $395m hard-cap.

BroadOak Capital Partners is seeking to raise $150 million for its fifth fund, according to an SEC filing.

Landmark Partners has closed its second commingled infrastructure secondary fund at $915 million.

EnCap's inaugural energy transition fund marks one of the few examples of a long-time investor in hydrocarbons raising LP money for a low-carbon platform.

Brookfield’s special investments strategy, much like Blackstone's tactical opportunities, was set up to invest in assets and businesses that fall outside the scope of the firm’s flagship funds.