Private Equity

Waterous Energy Fund: Third Private Equity Fund Closed At C$1.4 Billion

By Amit Chowdhry ● Mar 31, 2025

Waterous Energy Fund (WEF) announced the final closing of its third private equity fund, Waterous Energy Fund III, at the target of C$1.4 billion (about US$1 billion).

I Squared Capital: $300 Million Commitment From Rest Announced

By Amit Chowdhry ● Mar 30, 2025

I Squared Capital, a leading global infrastructure investment manager, announced a $300 million commitment from Rest, one of Australia’s largest profit-to-member superannuation funds.

Pantheon: $1.1 Billion Raised For Secondary Opportunities Fund II

By Amit Chowdhry ● Mar 30, 2025

Pantheon, a leading global private markets investor, announced the final close of Pantheon Secondary Opportunities Fund II (PSOF II) and related vehicles, with total commitments reaching $1.1 billion — nearly doubling the size of its $624 million predecessor program. And PSOF II invests in companies with compelling ongoing growth and value creation potential, managed by high-quality managers who demonstrate high conviction and strong alignment of interest with secondaries buyers in continuation vehicles.

Apollo Funds Buying Majority Stake In OEG Energy

By Amit Chowdhry ● Mar 28, 2025

Apollo announced that funds managed by Apollo affiliates have agreed to acquire a majority stake in OEG Energy Group, a leading offshore energy solutions business, from funds managed by the Power Opportunities strategy of Oaktree Capital Management and other investors. The deal implies a headline valuation of over $1 billion for OEG, and Oaktree and others will retain a minority equity interest.

Protecht: $280 Million Raised From PSG Equity

By Amit Chowdhry ● Mar 28, 2025

Protecht Group, an Australian-based leader in governance, risk, and compliance (GRC) solutions, announced a $280 million investment from PSG Equity. This leading growth equity firm specializes in partnering with software and technology-enabled services companies to capitalize on transformational growth.

Longview Infrastructure: Equity Commitment Secured From Stonepeak

By Amit Chowdhry ● Mar 28, 2025

Longview Infrastructure, a newly formed electric transmission development and investment platform, announced it has secured an equity commitment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion in assets under management.

AirHelp: Significant Minority Investment Raised From Abry Partners

By Amit Chowdhry ● Mar 25, 2025

AirHelp - a global leader in air passenger rights and compensation claims management - announced a significant minority investment from Abry Partners, a North American private equity firm. Abry will be buying a minority stake in AirHelp through a secondary investment, allowing AirHelp to return capital to its long-time supportive shareholders.

Ridango: Strategic Growth Investment Raised From Bregal Milestone

By Amit Chowdhry ● Mar 25, 2025

Bregal Milestone, a European software growth private equity firm, announced a majority strategic growth investment in Ridango, a global provider of mission-critical public transportation software. This investment is made in partnership with founder Erki Lipre and the Ridango management team. The terms of the deal were not disclosed.

Arcmont Asset Management: €475 Million Secured For Impact Lending Strategy

By Amit Chowdhry ● Mar 25, 2025

Arcmont Asset Management, a leading European private debt asset management firm and a member of Nuveen Private Capital (NPC), announced it has launched a new Impact Lending strategy. And it has secured two mandates totaling €475 million from APG (one of the world’s largest pension asset managers) and TIAA (one of the world’s largest institutional investors and a leading provider of retirement and financial services).

Carr’s Hill Partners: $210 Million Raised For Debut Fund

By Amit Chowdhry ● Mar 24, 2025

Carr’s Hill Capital Partners Management - a New Orleans-based private equity firm dedicated to growing family- and founder-owned businesses in the industrial and infrastructure services sectors - announced the final closing of Carr’s Hill Fund I at $210 million. Raised in about 9 months, Fund I was oversubscribed, exceeding its $175 million target.

Turn/River Capital: Fund VI Closed At $2.5 Billion

By Amit Chowdhry ● Mar 21, 2025

Private equity firm Turn/River Capital announced the closing of Turn/River Capital Fund VI with $2.5 billion in total commitments. And Fund VI was oversubscribed, hitting its hard cap with strong demand from existing and new limited partners. Turn/River Capital Fund V, a $1.35 billion fund completed in 2022, was also similarly oversubscribed.

JSI Buying Contact Center Services Company LogicomUSA

By Amit Chowdhry ● Mar 19, 2025

Stone-Goff Partners (SGP), a lower middle-market private equity firm investing in technology-driven business-to-business service companies, announced the acquisition of LogicomUSA, a premier provider of voice, network, and 24/7 contact center services to broadband providers and electric cooperatives nationwide, by SGP portfolio company JSI.

TPG: Jennifer Chu Named As Chief Legal Officer And General Counsel

By Amit Chowdhry ● Mar 19, 2025

Global alternative asset management firm announced that Jennifer Chu has been named as a Partner, Chief Legal Officer, and General Counsel of TPG, effective March 31. Chu will be succeeding Bradford Berenson, who will continue at TPG for a period of time as a Senior Advisor before retiring from the firm at year-end.

Bridge Data Centres: $2.8 Billion Loan Secured

By Amit Chowdhry ● Mar 19, 2025

Bridge Data Centres (Bridge DC), a Bain Capital-backed hyperscale data center platform, announced it had secured $2.8 billion in senior secured bank financing to advance its data center expansion, setting up one of the largest-ever bank facilities for pan-Asian data center operators.

PCMI: Strategic Growth Investment Raised From Thoma Bravo

By Amit Chowdhry ● Mar 18, 2025

Thoma Bravo announced a strategic growth investment in PCMI, a leading provider of administration software for finance and insurance (F&I) products in the automotive and consumer end markets. As part of the deal, existing shareholders—including PCMI management, its employees, and Equality Asset Management (“EAM”), a growth-focused private equity firm—will retain minority positions in the company.

Lightkeeper: Growth Investment Raised From PSG

By Amit Chowdhry ● Mar 18, 2025

Lightkeeper, a leading data, analytics, risk management, and reporting solutions provider for investment managers, announced a growth investment from PSG. This leading growth equity firm partners with software and technology-enabled services companies to drive transformational growth.

Blackstone: $8 Billion Closed For Latest Real Estate Debt Strategies Fund

By Amit Chowdhry ● Mar 17, 2025

Blackstone announced the final closing of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), which has about $8 billion of total capital commitments.

Nous Infosystems: Strategic Investment Raised From TA Associates

By Amit Chowdhry ● Mar 17, 2025

Leading global private equity firm TA Associates announced the completion of a strategic growth investment in Nous Infosystems, a global provider of AI-powered product and data engineering solutions to help drive digital transformation for its customers.

Morgan Stanley Investment Management: Fourth Global Infrastructure Fund Closed At $4.1 Billion

By Amit Chowdhry ● Mar 17, 2025

Morgan Stanley Infrastructure Partners (MSIP), which is the private infrastructure investment team within Morgan Stanley Investment Management (MSIM), announced that it has raised $4.1 billion for North Haven Infrastructure Partners IV (NHIP IV). And NHIP IV includes some of the world’s largest and most sophisticated institutional infrastructure investors, including public and private pension funds, sovereign wealth funds, and insurance companies.

Porter: Growth Investment Raised From Eir Partners

By Amit Chowdhry ● Mar 16, 2025

Eir Partners, a middle-market private equity firm focused on healthcare technology and tech-enabled services, announced a growth investment in Porter, the only platform dedicated to connecting plan members with the resources, services, products, and education they need to live their best lives at home.

Capitala Group: Oversubscribed Fund Closed With $1 Billion In Commitments

By Amit Chowdhry ● Mar 14, 2025

Capitala Group - a leading private markets investment firm providing capital solutions to lower middle-market companies - announced that its latest fundraise was oversubscribed with over $1 billion in commitments, including leverage and separately managed accounts.

Northleaf: C$100 Million Committed To Shared Tower

By Amit Chowdhry ● Mar 14, 2025

Northleaf Capital Partners, a leading global private markets investment firm, partnered with Shared Tower. The funds managed by Northleaf have made an initial commitment of C$100 million to accelerate Shared Tower’s vision of enhancing connectivity for Canadians under a shared infrastructure model.

LoneTree: Inaugural Fund Closed At $200 Million

By Amit Chowdhry ● Mar 12, 2025

LoneTree Capital announced the final closing of LoneTree I, its inaugural $200 million growth equity fund, bringing total assets under management of LoneTree and its affiliates to $308 million. And LoneTree I saw strong investor demand with capital commitments from a wide range of institutional investors.

Northleaf: Over $1 Billion Raised For Global Cross Capital Structure Private Credit Strategy

By Amit Chowdhry ● Mar 11, 2025

Northleaf Capital Partners - a leading global private markets investment firm - announced that it held the final closing for Northleaf Private Credit III (NPC III). In aggregate, Northleaf raised over $1 billion in capital commitments for NPC III and separately managed accounts that invest alongside the fund. The closing also included a rated note that was structured to meet the needs of insurance companies investing in the fund.

Ria Health: Growth Capital Raised To Advance Access To AUD Treatment

By Amit Chowdhry ● Mar 11, 2025

Ria Health - a leading telehealth provider of evidence-based alcohol use disorder (AUD) treatment - announced the closing of a Series B growth equity round led by Peloton Equity, with participation from existing investors including SV Health Investors, BPEA Private Equity, and SOSV.

Garnett Station Partners: Fund 5.0 Closed At $1.2 Billion

By Amit Chowdhry ● Mar 11, 2025

Garnett Station Partners, a New York-based principal investment firm, announced the closing of GSP 5.0 Fund, L.P., with a total committed capital of $1.2 billion. GSP now manages over $3.5 billion in assets. Fund 5 was significantly oversubscribed and closed at its hard cap in a four-month fundraise, with commitments from a diverse group of new and existing investors.

Blackstone: Majority Stake In CMIC Acquired

By Amit Chowdhry ● Mar 11, 2025

Blackstone announced that private equity funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in CMIC Co. CMIC Co is Japan’s leading contract research organization (CRO) that provides comprehensive end-to-end services across clinical trial phases and therapeutic areas. Blackstone will acquire a 60% stake, while CMIC HOLDINGS Co., Ltd. (CMIC HD) will retain the remaining 40% stake.

Thoma Bravo: First European Fund Closed At €1.8 Billion

By Amit Chowdhry ● Mar 10, 2025

Thoma Bravo recently announced the completion of fundraising for its first European-focused fund Thoma Bravo Europe Fund, totaling approximately €1.8 billion in capital commitments.

Pamlico Capital: Sixth Fund Closed At Hard Cap Of $1.75 Billion

By Amit Chowdhry ● Mar 10, 2025

Pamlico Capital - a leading middle-market private equity firm - announced today the closing of Pamlico Capital VI (PC VI) at the fund’s hard cap of $1.75 billion. And PC VI was significantly oversubscribed, exceeding its initial $1.5 billion target based on strong demand from both existing and new investors.

Walgreens Boots Alliance To Go Private In A Deal Valued Up To $23.7 Billion

By Amit Chowdhry ● Mar 7, 2025

Drugstore chain Walgreens Boots Alliance (WBA) announced it is going private in a $10 billion deal with private equity firm Sycamore Partners. Sycamore will pay $11.45 per share, which is a premium of 8% to the stock's closing price of $10.60 on Thursday. The total value of the deal is up to $23.7 billion. Sycamore Partners specializes in retail and consumer investments and has a track record of buying distressed retailers for profit, like Staples, Talbots, and Nine West.