Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Lexington raises $22.7 billion for Capital Partners X. Official firm or parent-company announcement.
Avangrid and Copenhagen Infrastructure Partners announced that Vineyard Wind 1 first delivered electricity to the New England grid on 2 January 2024 during initial commissioning. One turbine generated approximately five megawatts, with further testing planned. The project was jointly owned by Avangrid and CIP through Copenhagen Infrastructure II and III. This milestone did not mean the entire project was operational.
StepStone disclosed a revolving facility entered December 1, 2023 by StepStone SPV Facility III LLC. Wells Fargo was administrative agent and initial sole lender for USD 250 million. Original terms included Daily Simple SOFR plus 2.65%, December 1, 2026 reinvestment expiry and December 1, 2028 maturity. Subsequent amendments changed the facility; this news preserves the original event.
Antin closed inaugural NextGen Fund I at €1.2bn, its fundraising target.
BCI announced the closing of its inaugural C$1.25 billion senior unsecured bond issuance on October 27, 2023. The notes settled on October 26, 2023, carry a 4.90% coupon and mature on June 2, 2033. The issuance received the highest credit ratings from Moody's, S&P Global Ratings and DBRS, and generated more than C$1.9 billion in orders from over 50 institutional investors. The proceeds were intended for general investment purposes and to support diversified portfolio financing and liquidity. RBC Capital Markets and TD Securities co-led the placement.
Antares closed its inaugural broadly syndicated loan CLO, Orion CLO 2023-1, totaling $450 million. The firm also announced senior appointments of Rob Davis and Amy Ecker as managing directors and Jonathan Rogers as vice president to expand its New York-based Liquid Credit investment capabilities. The CLO was intended to comply with European risk-retention rules. The release cited approximately $12 billion AUM across twelve private credit CLOs as of June 30, 2023, a CLO-specific business metric. The $450 million amount is the securitization vehicle issue size rather than consolidated Antares assets under management.
PEP's investment in UP Education over the New Zealand Private Capital Association showed strong investment performance during its ownership.
Wells Fargo announced the completed sale of approximately USD 2 billion of investments in funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The buyer group included AlpInvest, Atalaya, Lexington and Pantheon. Lazard advised Wells Fargo. The approximate portfolio figure is not an exact disclosed cash purchase price. The sale concerned fund interests, not the managers or Wells Fargo’s separate Norwest Venture Partners relationship.
The NBIM–AXA France partnership agreed to sell the Memphis office property at 109–111 avenue de France, Paris. NBIM was to receive EUR 65.1 million for its 50% interest. Agreement signed 27 July 2023, with completion expected by year-end; the source does not confirm completion.
CSL II and parallel accounts closed with USD7.3 billion of equity commitments and about USD10 billion of investable capital. The strategy targets floating-rate senior secured loans in North America, Western Europe, Australia and New Zealand.
The CPP Fund reported net assets of C$570.0 billion for the fiscal year ended March 31, 2023, 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.
SIP V closed with USD12 billion of equity commitments against a USD9.5 billion equity target, and USD17 billion of investable capital. The junior-capital strategy focuses on established businesses in North America and Western Europe.
Dakota reported a USD50 million commitment by the Rhode Island State Investment Commission to HPS Specialty Loan Fund VI, citing 25 January 2023 meeting materials. Cliffwater supported the recommendation. The report establishes the commitment amount and year; it does not independently establish the fund vintage.
Hamilton Lane's Equity Opportunities Fund V held its final close of approximately $2.1 billion, supporting its direct equity and co-investment programme.
Aon announced it acted as lead adviser on UKRF's £7 billion longevity transaction, with reinsurance provided by a US Prudential Financial insurance subsidiary. The transaction followed the pension fund's £5 billion RGA longevity transaction in December 2020. The amount represents longevity protection, not capital committed to a private investment fund.
Fastned announced an equity capital investment of €75m from Schroders Capital in exchange for 10.61% of the electric vehicle fast-charging company, supporting expansion across Europe.
Closed Loop Partners announced the final close of its Closed Loop Leadership Fund and named funds and accounts managed by BlackRock among the investors. The buyout fund invests in circular supply chains, including recycling, packaging, electronics and organics. The announcement does not disclose the BlackRock-managed investors’ individual commitment amounts or identify BlackRock corporate capital as the investor.
The CPP Fund reported net assets of C$539.0 billion for the fiscal year ended March 31, 2022, 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.
Monroe reported $286 million of LP capital commitments for its opportunistic private credit fund, with approximately $500 million of investable capacity including expected leverage.
Monroe reported $2.3 billion in Private Credit Fund IV LP commitments, with broader $4.8 billion direct-lending investable capacity inclusive of leverage and separately managed accounts.
Greencoat Renewables announced an agreement to acquire a combined 50% of Borkum Riffgrund 1, comprising KIRKBI’s 31.5% and William Demant Invest’s 18.5%. The announcement was subject to regulatory clearance; no completion date or individual KIRKBI proceeds are asserted.
Schroders entered an agreement to acquire 75% of renewable infrastructure investment manager Greencoat Capital Holdings for an initial £358m and contingent consideration capped at £120m. Deal ultimately closed in April 2022.
Computershare announced completion of its acquisition of Wells Fargo Corporate Trust Services. Approximately 2,000 employees transferred. SEC disclosure confirms November 1 legal closing but explains that certain contractual roles transferred in stages, with Computershare serving as Wells Fargo’s agent in the interim. The original announced purchase price was USD 750 million.
Allspring Global Investments began independent operations after GTCR and Reverence Capital Partners completed their acquisition of Wells Fargo Asset Management. Wells Fargo retained a passive 9.9% stake at the time. The release separately said the collective investment trust business transfer was expected in the second quarter of 2022. Allspring’s client assets are not current Wells Fargo group AUM.
TIFIN announced $47 million raised in Series C with Hamilton Lane as one of its financial-technology strategic investors. The total round size was not solely attributable to Hamilton Lane.
Schroders announced that it would acquire River and Mercantile's Solutions business for approximately £230m, adding capabilities in fiduciary management, advisory and derivatives and approximately £42bn of assets at the signing date.
SLF V and parallel vehicles raised approximately USD11.7 billion of equity capital and USD15.4 billion of investable capital. By the close announcement, the vehicles had deployed approximately USD9.1 billion across 58 investments.
Principal announced completion of the Wells Fargo Institutional Retirement business integration, with client onboarding completed in waves through June 2021. The release separately described a broader Institutional Retirement and Trust transition timetable through March 2022, during which Wells Fargo continued recordkeeping, trustee or custody services. Retirement-platform integration did not establish that every trust role transferred on the same date. The acquisition originally closed July 1, 2019.
Solarisbank announced a EUR 190 million Series D financing led by Decisive Capital Management, with Pathway among the participating growth investors. The disclosed amount covers the entire funding round; Pathway’s individual investment was not disclosed. The announcement stated that the funding round remained subject to regulatory approval.
TD’s second-quarter 2021 results disclosed approximately CAD 1.5 billion consideration for the Wells Fargo Canadian Direct Equipment Finance business acquired May 1. The acquired business had approximately CAD 1.4 billion net book value. These are separate approximate measures. The report specifies Canadian dollars unless otherwise indicated; no USD conversion or exact purchase-price amount is inferred.
