Fundraising

Fund VI will target niche manufacturing, business services, and value-added distribution sectors.

NZPF is Quinbrook’s fifth successive energy transition focused fund raised to date.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

The fund oversubscribed on its $4.6 billion hard-cap, head of investor relations Craig Larson said, putting KKR in 'a pretty advantageous spot at the moment.'

The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.

Silver Hill IV's limited partners include endowments, pension funds, medical and family foundations and family offices.

The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicles and anticipated leverage.

Fundraising commenced last year and was essentially finished around year-end but stayed open to allow in last-minute investors.

Hidden Harbor Capital Partners III follows Hidden Harbor’s two prior funds, Hidden Harbor Capital Partners I, which raised over $265 million, and Hidden Harbor Capital Partners II, which raised over $450 million.

With its quiet close, the firm joins the small handful of new managers that have raised capital in the tough fundraising market.