Private Equity

LLCP Closes Lower Middle Market IV At $2 Billion Hard Cap

By Amit Chowdhry ● Jul 25, 2026

LLCP, a Los Angeles-based private equity firm, announced the final close of LLCP Lower Middle Market IV with $2.0 billion of total capital commitments, surpassing its $1.7 billion target and closing at its hard cap. The fund was significantly oversubscribed after LLCP began marketing it in December 2025.

Blackstone, Brookfield, And KKR Sign $16 Billion Oil Pipeline Deal With Kuwait

By Amit Chowdhry ● Jul 25, 2026

Kuwait Petroleum Corporation announced its subsidiary, Kuwait Oil Company, has signed a $16 billion lease and leaseback agreement covering its crude oil pipeline network with a consortium comprising Blackstone, Brookfield Asset Management, and KKR, according to CNBC. The state-owned company described the transaction, named Project Peregrine, as the largest foreign direct investment in Kuwait's history.

Blackstone’s AUM Reaches Record $1.35 Trillion In Second Quarter 2026

By Amit Chowdhry ● Jul 25, 2026

Blackstone reported second quarter 2026 results, with total assets under management increasing 11 percent year over year to $1,346.3 billion, driven by $68.3 billion of inflows during the quarter and $262.5 billion over the trailing twelve months. Fee-earning assets under management rose 8 percent to $961.6 billion, while perpetual capital assets under management reached $555.6 billion, up 15 percent year over year and now representing roughly 41 percent of total assets under management.

Hamilton Lane Board Elects Michael Schmertzler As New Independent Director

By Amit Chowdhry ● Jul 24, 2026

Hamilton Lane announced that its Board of Directors elected Michael Schmertzler as a new independent director, effective July 22, 2026, marking the fifth independent director named to the board alongside the firm's three executive directors.

Savano Capital Partners Closes Oversubscribed $252 Million Fund IV

By Amit Chowdhry ● Jul 23, 2026

Savano Capital Partners announced the final close of Savano Capital Partners IV, L.P., raising $252 million in capital commitments and exceeding its original target. Fund IV is the largest in the firm's history, roughly 60 percent larger than its predecessor, and brings the firm's total capital commitments across its funds and co-investment vehicles since inception to more than $600 million.

Blackstone Raises $14 Billion For New Secondaries Flagship Amid Record Second-Quarter Results

By Amit Chowdhry ● Jul 23, 2026

Blackstone reported strong second-quarter 2026 results, with distributable earnings rising 26 percent year over year to $2 billion, or $1.52 per common share, while highlighting significant momentum in its secondaries business. The firm disclosed that it has raised more than $14 billion to date for its new buyout secondaries flagship, targeting at least $22 billion in total commitments, as part of a broader institutional fundraising cycle that included several strategies hitting their hard caps in 2026.

Partners Group Closes Infrastructure Secondaries Program At Over $5.5 Billion

By Amit Chowdhry ● Jul 23, 2026

Partners Group has completed the final closing of its infrastructure secondaries program at more than $5.5 billion, making it one of the largest dedicated fundraises focused on the strategy. The program consists of a $1.7 billion closed-ended fund, customized mandates and additional investment vehicles that participate alongside the main fund.

Francisco Partners Raises $21 Billion Across Flagship And Agility Funds

By Amit Chowdhry ● Jul 23, 2026

Francisco Partners has closed $21 billion in capital commitments across its eighth flagship fund and fourth Agility fund, completing the largest fundraising effort in the technology investment firm's history.

Apollo And San Jose Earthquakes Launch AI-Powered Go-To-Market And Jersey Sleeve Partnership

By Amit Chowdhry ● Jul 23, 2026

Apollo has entered a multiyear partnership with Major League Soccer's San Jose Earthquakes that combines a jersey sleeve sponsorship with the deployment of Apollo's artificial intelligence-based go-to-market system across the club's commercial operations.

Nestlé And Platinum Equity To Create $5.6 Billion Water And Premium Beverages Company Peranel

By Amit Chowdhry ● Jul 23, 2026

Nestlé and Platinum Equity have agreed to create Peranel, a standalone water and premium beverages company valued at approximately $5.6 billion.

Wellington, Vanguard, And Blackstone Launch Two Public And Private Market Investment Funds

By Amit Chowdhry ● Jul 22, 2026

Wellington Management, Vanguard and Blackstone have launched two investment funds designed to give eligible investors simplified access to professionally managed portfolios spanning public and private markets.

Brookfield To Acquire Aypa Power From Blackstone For $7 Billion

By Amit Chowdhry ● Jul 22, 2026

Brookfield has agreed to acquire Aypa Power from funds managed by Blackstone Energy Transition Partners in a transaction valued at approximately $7 billion on an enterprise-value basis. The deal assigns Aypa an equity value of approximately $3 billion.

Brookfield To Acquire Gregg Distributors In C$1.6 Billion Deal

By Amit Chowdhry ● Jul 22, 2026

Brookfield has agreed to acquire Gregg Distributors, a Canadian industrial maintenance, repair and operations distributor, in a transaction valuing the company at approximately C$1.6 billion on an enterprise-value basis.

Healthpeak Properties And Brookfield Form $2.1 Billion Outpatient Medical Real Estate Joint Venture

By Amit Chowdhry ● Jul 22, 2026

Healthpeak Properties and Brookfield Asset Management have formed a long-term strategic joint venture involving 86 outpatient medical properties valued at approximately $2.1 billion. The portfolio contains about 5.6 million square feet across 11 states, including Kentucky, Indiana, Pennsylvania, Arkansas, Illinois, Minnesota, New Jersey and New York. It is approximately 95% leased and has a weighted average remaining lease term of six years.

Capitol Meridian Partners Raises $1.9 Billion For Second Fund At Hard Cap

By Amit Chowdhry ● Jul 22, 2026

Capitol Meridian Partners has closed its second private equity fund with $1.9 billion in commitments, exceeding its original fundraising target by 50% and reaching the vehicle’s hard cap. The fund is focused on investments spanning national security, defense, government technology and commercial aviation.

Avenue Growth Partners Raises $155 Million For Second Fund

By Amit Chowdhry ● Jul 21, 2026

Avenue Growth Partners has closed Avenue Growth Partners Fund II with $155 million in commitments. The early growth equity fund was significantly oversubscribed and reached its hard cap.

TruArc Partners Raises $1.2 Billion For Fund V

By Amit Chowdhry ● Jul 21, 2026

TruArc Partners has closed TruArc Partners Fund V with $1.2 billion in capital commitments, exceeding its $1.1 billion target. The fund also closed substantially above the $840.1 million raised for its predecessor vehicle.

Aligned Data Centers: AIP, MGX And BlackRock’s GIP Close $40 Billion Acquisition

By Amit Chowdhry ● Jul 21, 2026

The Artificial Intelligence Infrastructure Partnership, MGX and BlackRock’s Global Infrastructure Partners have completed their acquisition of Aligned Data Centers. The transaction values Aligned at approximately $40 billion on an enterprise-value basis and represents one of the largest private investments completed in digital infrastructure.

Clipway Closes Record $6.4 Billion Debut Secondaries Platform

By Amit Chowdhry ● Jul 21, 2026

Clipway has completed the final close of Clipway Secondary Fund I at $6.4 billion, creating what the firm described as the largest debut secondaries platform ever raised. The closing also establishes Clipway as the world’s largest independent firm dedicated exclusively to technology-enabled secondary market investing.