Fundraising

PSG’s sixth North American flagship fund, PSG VI, closed at $6 billion, surpassing its $4.7 billion predecessor fund.

PCIF V’s LPs include pension funds, insurance companies, foundations, endowments, family offices and high-net worth individuals both in the US and abroad.

'As we talk to our clients, our DPI has consistently been a point of differentiation and strength,' CEO Jon Winkelried said in TPG's year-end earnings call.

SBIC Fund I will invest in lower middle-market companies in the utilities and government contracting sectors.

If the target is met, the new fund will be the biggest yet raised by Strategic Value Partners. It will be 30% larger than Fund V, closed in 2021 at $5bn.

Opps XII is focused on investments in liquid credits, rescue financings, debtor-in-possession financings, exit financings, loan portfolios, platforms, and opportunistic capital solutions.

The lower mid-market firm’s third raise came in at $235m, up from its $153m second fundraise.

Pearl Energy Investments IV reached its hard cap within four months of launch.

Japan-focused funds raised $8.74bn in 2024 – just behind a record $9.3bn seen in 2020.

Appetite for co-investment has waned among many LPs, and GPs may begin paring back their offerings. Are the halcyon days of co-investment coming to an end?