Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Polus Capital Management disclosed a commitment from ADIA subsidiary to its Special Situations strategy, then approximately US$5bn AUM. Specific ADIA commitment amount was not disclosed.
Schroders announced Richard Oldfield as its next Group Chief Executive, succeeding Peter Harrison and effective in November 2024. Oldfield had previously served as CFO of the group.
Antares named Neil Siegel its chief marketing officer as it developed its alternative credit distribution capabilities. Siegel joined after serving as chief marketing officer at Macquarie Asset Management and earlier at Neuberger Berman, with previous roles at Morgan Stanley Investment Management. His institutional and intermediary marketing background was emphasized. At the time, Antares reported more than $71 billion in capital under management and administration as of June 30, 2024; that combined operational metric should not be converted to verified group-total AUM in the CRM. This announcement is an appointment rather than a fundraising transaction.
Warburg Pincus announced an inaugural Capital Solutions Founders Fund final close at over US$4bn versus US$2bn initial target, with ADIA subsidiary as anchor investor. ADIA commitment amount undisclosed.
Copenhagen Infrastructure Partners announced that Buffalo Plains had supplied its first power to Alberta's grid on behalf of Copenhagen Infrastructure IV. Installation work was continuing. The completed wind project was planned to have 83 turbines and 495 MW of capacity; the announcement did not establish full operation.
Trimont agreed to acquire Wells Fargo’s non-agency third-party commercial mortgage servicing business, backed by Värde Partners. The announcement concerned this servicing operation and did not disclose purchase consideration. Serviced loan balances represent servicing scope, not acquisition price or AUM.
Guardian agreed to transfer management of approximately USD30 billion of assets and available commitments to HPS, covering public high yield, investment-grade private credit and real estate. Guardian also announced up to USD5 billion of future investment-grade commitments and a larger passive minority stake. It retains asset-allocation oversight.
Monroe completed a $561.8 million middle-market CLO XVI securitization.
Antin announced that its planned acquisition of Excellence Imagerie had not completed and was terminated because regulatory conditions were not satisfied.
Antares released its inaugural Credit Market Outlook Survey assessing private equity sponsors and middle-market portfolio companies. It found expectations for moderate U.S. growth, healthy borrower revenue and EBITDA expansion, and potential improvement in mergers and acquisitions. Among borrower respondents, 78 percent expected U.S. growth of zero to two percent over the next 12 months; 68 percent anticipated revenue growth and 74 percent expected organic EBITDA growth. Sponsors highlighted industrial, business services and healthcare as attractive sectors. The results are survey respondent expectations rather than Antares' realized returns, portfolio allocation percentages, or fund-level performance.
Oxford appointed David Hickman and Garrett Henn as Co-Heads of Enterprise Lending, covering life sciences, healthtech and SaaS. Hickman previously led business development and northwestern U.S. originations within Oxford's life sciences division. Henn previously oversaw credit and portfolio management for the western U.S. The appointments expanded their responsibilities within the existing business.
Pemberton first close of its ADIA-anchored NAV Strategic Financing strategy exceeded US$1bn investable capital, including Legal & General and others. This is total strategy investible capital, not ADIA's LP ticket.
SLF VI and related vehicles secured USD14.3 billion of equity and USD21.1 billion of investable capital including borrowings. The commingled fund raised USD10.4 billion against its USD7.5 billion target. The strategy focuses on lending situations requiring bespoke structuring.
Schroders Capital Global Innovation Trust invested an additional €1.7m, about £1.4m, in Dutch oncology company iOnctura as part of an €80m Series B financing led by Syncona. The €80m total round was not solely Schroders capital.
Hamilton Lane reported final close of Secondary Fund VI at approximately $5.6 billion, with institutional and private wealth LP participation. No individual LP commitments are inferred.
Antares closed Orion CLO 2024-3, its third broadly syndicated loan CLO, totaling $400 million. The issuance marked additional growth of the firm's Liquid Credit offering, which manages syndicated corporate loans alongside its longer-standing private credit business. Antares stated that the CLO was intended to comply with European risk-retention regulations and noted demand across the capital structure. The firm also cited a portfolio of approximately $11.1 billion of assets under management across 13 CLOs as of March 31, 2024, which is a CLO segment metric rather than Antares' overall firm AUM. No vehicle-specific net IRR, TVPI or investor fee terms were disclosed.
Antin financed launch of French rail platform Proxima with cofounders Rachel Picard and Tim Jackson.
Pemberton announced an anchor investment by ADIA subsidiary in its NAV Strategic Financing strategy. It expected an initial strategy close exceeding US$1bn with OTHER investors included; no standalone ADIA amount.
In June 2024, HOOPP officially opened an office in London, U.K., specifically targeting enhanced deal access and higher-quality relationships to expand its geographic diversification within the European private markets.
TDS announced support for UScellular’s agreement to sell its wireless operations and selected spectrum to T-Mobile for an announced USD 4.4 billion in cash and assumed debt. Wells Fargo and TD Securities advised TDS. UScellular retained towers and other assets. The subsequently adjusted closing value is retained separately.
Antares appointed Brian Daley, William Hershon and Marc Rappaport as senior vice presidents and adviser consultants in its Wealth Solutions business. All were assigned to report to Jack Snyder, head of U.S. Wealth Solutions. Daley and Hershon previously worked at CAIS, and Rappaport previously led DCM Advisors. The hiring supported Antares' expansion of alternative credit distribution to registered investment advisers, family offices and high-net-worth investors. The release described $69 billion of capital under management and administration as of December 31, 2023, not a validated group-total AUM amount.
The CPP Fund reported net assets of C$632.3 billion for the fiscal year ended March 31, 2024, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
Lexington launches dedicated continuation vehicle platform. Official firm or parent-company announcement.
Schroders Capital, Ares Management and CDPQ announced a financing package of up to €750m for Vantage Data Centers EMEA; Schroders Capital's potential commitment was €150m, with Ares and CDPQ up to €300m each.
HarbourVest announced John Toomey would become CEO effective October 1, 2024, succeeding the executive management committee model; co-CEO Peter Wilson planned retirement in 2025.
Golub announced GEMS Fund 6 final close with $2 billion of INVESTABLE CAPITAL. This is not necessarily the fund's equity closed size or the GP's group AUM.
Wellspring announced a completed multi-asset continuation transaction on March 27, 2024. The vehicle acquired interests in Supply One, Cadence and Pentec Health from Fund VI. Lexington Partners- and Neuberger Berman-affiliated funds co-led the transaction, with investors including Hamilton Lane and AltamarCAM. Existing Fund VI limited partners could cash out or roll their interests.
Get Living secured a £110m investment facility from Rothesay to refinance New Maker Yards in Salford, Greater Manchester.
Hamilton Lane's Strategic Opportunities Fund VIII closed, raising around $700 million for the firm's opportunistic private credit platform.
Antares appointed Jack Snyder managing director and head of U.S. Wealth Distribution to establish and scale its private wealth strategy. Based in New York, Snyder was assigned to build internal and external distribution capacity and develop partnerships across the wealth management channel, reporting to Vivek Mathew. The strategy sought to provide high-net-worth and adviser-channel investors with access to private credit investment opportunities. The announcement documented executive leadership and distribution capabilities, not a new closed investment fund or a confirmed individual investor commitment.
