Fundraising

One Rock Capital Partners LLC has closed its third flagship private equity fund at a hard cap of $2 billion, beating its $1.5 billion target.

Cerberus Business Finance, the directing lending platform of Cerberus, has closed its fourth flagship fund at $2.4 billion.

Ant Catalyzer No.6 Private Equity Investment is expected to comprise a larger proportion of international capital than its predecessors.

The fund hits the market amid a windfall for tech fundraising, as the sector has seen positive headwinds during the covid crisis.

Bramalea appears to have done at least one pre-fund deal, investing in Loadsmart, a digital freight brokerage and technology business.

The firm has drawn headlines for its high-profile acquisition of pop star Taylor Swift's master tapes last year.

The alternatives giant has a $130bn multi-year fundraising goal as well as near-term plans to expand its private credit and insurance businesses.

Crosspoint is one of a group of first-time funds braving the pandemic-battered markets that have led LPs to mostly stick with their established GPs.

Avista Capital Partners IV was generating a 1.5x net investment multiple and 41% net internal rate of return as of September 2020, sources told Buyouts.