Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Stonepeak completed a $3 billion equity-value recapitalization of Cologix on 4 April 2022. Infrastructure Fund II and co-investors sold the business to Stonepeak-managed vehicles that combined reinvesting existing investors with new third-party capital. Mubadala exited its investment through this recapitalization. Stonepeak had first acquired a majority stake in March 2017, with Mubadala adding growth capital in January 2020. Cologix also completed a separate $1.65 billion asset-backed securitization earlier in 2022. The transactions financed its North American interconnection and hyperscale-edge data-center expansion. Goldman Sachs advised Stonepeak and RBC advised Fund II; Simpson Thacher acted as legal counsel. The continuation structure preserves Stonepeak management while distinguishing the selling and buying vehicles.
The Investment Management Corporation of Ontario announced a US$500 million customized private direct lending investment managed by Antares Capital LP, following a competitive manager selection process. IMCO said this platform would underpin the direct lending component of its Global Credit strategy, financing sponsor-backed middle-market borrowers in the United States and Canada. The institution targeted diversification across 75 to 100 issuers, industries and private equity sponsors. At the time, Antares described US$42.9 billion of capital under management and administration as of June 30, 2021, which is not equivalent to verified group total AUM. The announcement identified a bespoke managed investment program rather than a subscription to a specifically named Antares fund.
The African Development Bank’s Board of Directors has officially approved a $75 million commercial loan to the Ghana Infrastructure Investment Fund for its portfolio expansion. The capital injection will allow GIIF to scale its investments in crucial national infrastructure projects across Ghana. This financing serves as a major validation of the fund's investment framework by a leading multilateral lender.
Alecta committed USD 100 million to the Financing for Healthier Lives emerging-markets social bond, structured with responsAbility and arranged by Danske Bank. Sweden's development agency Sida guaranteed first-loss exposure of up to 25%. The instrument finances healthcare, inclusion and related sustainable projects; it is a bond, not a private fund vehicle.
Aflac Global Investments announced a strategic partnership with Sound Point Capital Management with an initial $1.5 billion real-estate financing allocation, including approximately $500 million for Opportunity Zone investments. A proposed 9.9% minority holding was subject to closing and regulatory conditions.
Alecta disclosed three US healthcare and life-sciences real estate investments totalling USD 780 million: USD 230 million to a Kayne Anderson/Remedy and Physicians Realty JV in late 2019; USD 250 million to the KACORE co-investment in June 2020; and USD 300 million to the Blackstone/BioMed Realty open-ended fund on 6 November 2020. These are distinct vehicles and must not be counted as three LP fund commitments.
Aflac and Trupanion announced a commercial distribution agreement and Aflac's approximately $200 million equity investment, approximately 9% of Trupanion shares at the time. The stake and percentage are historical.
Aflac Global Investments announced plans to acquire a minority stake in direct lender Varagon Capital Partners and committed to invest up to $3 billion in middle-market loans over multiple years. The mandate ceiling is not the acquisition purchase price.
Aflac announced expansion of its strategic relationship with NXT Capital to include an up-to-$2 billion portfolio of commercial real estate first mortgage loans, including roughly $1.1 billion of assets to be acquired, with ongoing middle-market credit initiatives.
