The latest from private markets

Vista opened a new office in Abu Dhabi after receiving authorization from the ADGM Financial Services Regulatory Authority. The office strengthens Vista's presence in the Middle East and supports investment activities across the region.

Mubadala became a strategic investor in Power Factors, a Vista portfolio company. The investment is intended to accelerate global growth of Power Factors' renewable energy software platform.

Legal & General announced the appointment of Rob Groves as Chief Investment Officer (CIO) for its Institutional Retirement business. In this role, he will oversee the investment strategy and portfolio management for the Institutional Retirement division, supporting the firm's long-term retirement investment objectives and capital deployment across institutional assets.

Following the PSUS transaction, Pershing Square began deploying newly raised capital into additional large cap investments while reducing several legacy positions.

Pershing Square USA completed its IPO and concurrent private placement as part of a combined transaction with Pershing Square Inc. The aggregate PSUS offering size was $5 billion.

Crescent highlighted more than 35 years of credit investing across multiple cycles, reinforcing its disciplined corporate-credit positioning.

Sagimet completed a $175 M equity financing with Farallon among participating investors.

StepStone completed the final close of StepStone Credit Opportunities Fund II with more than $1.58 billion, substantially exceeding its $750 million target. The fund focuses predominantly on private-credit secondaries and co-investments.

Adams Street Partners closed Co-Investment Fund VI, a Private Equity co-investments strategy fund, at $2.5 billion USD. Final close date was 22 April 2026.

Vista and Google Cloud announced a strategic partnership to provide Vista's portfolio companies with access to Google's AI technologies, including Gemini models, AI Hypercomputer, and enterprise AI tools, to accelerate AI adoption across the portfolio.

Hired affordable housing investment veterans Russell Ginise and Kyle Winning to expand affordable housing capabilities. Enhances affordable housing investment platform.

Crescent received a £450 M U.S. direct-lending mandate from U.K. pension fund Nest, expanding its institutional private-credit mandate base.

Adams Street Partners closed Private Credit III, a Direct Lending strategy fund, at $7.5 billion USD (asterisk noted on figure). Final close date was 13 April 2026.

Legal & General announced the appointment of Emiel van den Heiligenberg as Chief Investment Officer (CIO) for its Asset Management business. He will lead the firm's investment strategy across public and private markets, oversee the investment platform, and support the continued growth of Legal & General's global asset management business.

BCPP expanded its Alternatives team with three Senior Portfolio Managers covering real assets, legacy private markets, climate opportunities, private equity and private credit.

J.P. Morgan Private Capital appointed Rand Araskog and Eric Ghernati as Partners focused on growth company investments.

StepStone closed a structured solutions vehicle with $3.1 billion of commitments, predominantly targeting private-market secondaries. Ares provided primary capital, Barings Portfolio Finance provided substantial rated financing, and Citi acted as structuring and placement agent.

ART disclosed that more than A$1.7 billion had already been committed toward its A$2 billion 2030 impact investment target.

BCPP's Joint Committee reviewed its development pipeline for 2026–29, including new propositions and integration of incoming Partner Funds.

Davidson Kempner published research arguing that opportunistic credit can improve institutional portfolio efficiency because of its lower correlation and volatility characteristics.

Fortress appointed Elizabeth Burton as Chief Strategist. The appointment strengthened the firm's macroeconomic and investment strategy capabilities and followed several senior hires across European business development, origination and credit.

StepStone promoted 11 Partners, 1 Senior Managing Director and 18 Managing Directors, expanding senior leadership across Private Equity, Venture & Growth, Private Debt, Real Estate, Business Development and other functions.

Oasis500, the tech investment arm of the King Abdullah II Fund for Development (KAFD), has launched its fourth investment fund, Oasis Ventures III (OVIII), with capital exceeding $20 million. The fund will target investments in early-stage tech and tech-enabled startups to help entrepreneurs scale their business models regionally and globally. The launch marks a continuation of the firm's 16-year legacy, bringing its total startup investment count past 193 active portfolio companies.

Co-CIO Kelly Granat participated in Bloomberg Invest's CIO Outlooks discussion on identifying long-term winners.

JPMAM appointed Stephanie Davis as Head of Private Wealth Alternatives and Sean Flynn as Private Wealth Alternatives National Manager to expand private markets distribution through financial advisors.

Appointed Peter Sibilia as Head of U.S. Transactions. Strengthens acquisition and transaction execution in the U.S.

Co-CIO David Craver discussed market evolution and opportunities associated with AI.

Invesco highlighted the evolution of its private credit platform toward multi-strategy and liquid/semi liquid credit solutions, supported by its long operating history.

Maria Toneva was appointed Head of Fundamental Equity Research in London as AustralianSuper continued building its internally managed global equities capability.

CAA presented its 2025 performance and new corporate project alongside the integration of Milleis Vie with Spirica.