The latest from private markets

The merger between Third Point Investors Limited and Malibu Life Reinsurance SPC was completed, creating Malibu Life Holdings Limited. The resulting business is focused on life and annuity reinsurance and seeks to generate spread income from long-duration insurance liabilities.

ART announced a target to deploy at least A$2 billion by 2030 into investments seeking measurable positive social or environmental outcomes alongside financial returns.

Pemberton reached its target final close for its first NAV Financing Core Fund. NAV + GP Solutions assets raised reached €12.7 B.

Fortress appointed Shara Wallace to lead Private Wealth Solutions distribution across the Central U.S., expanding relationships with wirehouses, RIAs and private banks.

HPC and Temasek invested in Nuveen Private Capital, while Temasek committed long-term capital to new and existing strategies.

Varde raised a fully subscribed fund to extend its investment in Spanish residential developer Via Célère.

StepStone Private Wealth Solutions reached $10.2 billion AUM, adding approximately $5 billion in less than one year. Growth was driven primarily by the U.S., with expansion across Europe, Australia, Hong Kong, Singapore and the UK.

BCPP highlighted progress in active stewardship and engagement with portfolio companies, reinforcing its responsible investment approach.

LaSalle's open-ended Real Estate Debt Strategy attracted approximately US$700 million in capital commitments. Significant growth in private real estate debt business.

Crescent launched a dedicated GP Financing Solutions strategy providing non-dilutive capital to private equity sponsors, supported strategically by Sun Life.

Blackstone reported second-quarter 2025 results, highlighting continued fundraising momentum, investment activity, and growth across private equity, private credit, infrastructure, and real estate.

Viking acquired a majority stake in the software development company Catabark.

The King Abdullah II Fund for Development (KAFD) has increased its equity stake in the Dead Sea Tourism and Real Estate Investment Company to a controlling 51% share. The transaction was executed via an additional capital injection totalling JD10 million to bolster and expand the company's real estate and tourism operations. This acquisition makes KAFD the largest shareholder, surpassing previous leading institutional partners, including Emaar and the Arab Bank Group.

KKR agreed to acquire Australian poultry infrastructure business ProTen from Aware Super, expanding its Asia-Pacific agriculture investment portfolio.

Eneasz Kadziela joined in July 2025 from New York City Retirement Systems and focuses on GP relationships and private capital opportunities in North America.

Viking acquired a majority stake in the Swedish retail customer experience platform Voyado for $170M valuation.

Introduced the UK-domiciled Aegon Global Income Fund, targeting premium dividend income and long-term capital appreciation using Aegon AM's established global equity income strategy.

Announced enhancements to its natural capital investment platform by integrating carbon-credit opportunities across selected timberland portfolios.

Fortress managed funds and Edge Focus agreed to purchase up to $500M of personal loans facilitated by Happy Money.

Launched the Aegon Capital Call Finance Fund, a Luxembourg RAIF providing institutional investors access to global capital call finance opportunities, building on €84 billion of alternative fixed income capabilities as of 31 March 2025.

Dai-ichi Life announced an additional ~10.3% investment, taking its combined interest with Dai-ichi Life Insurance to approximately 15%.

Fortress agreed to purchase up to $1.2 billion of consumer loans originated through Upstart's platform.

Mubadala and Fortress established a strategic partnership targeting up to $1 billion of investments across Fortress private credit, asset based lending and real estate strategies.

Funds managed by Fortress affiliates provided Dataminr with $100M of convertible financing to support AI product development and global expansion.

Russell Investments was appointed to provide foreign exchange hedging services for ERAFP.

KKR and Capital Group introduced two investment funds combining public fixed income with KKR's private credit capabilities for wealth management investors.

BlackRock, Global Infrastructure Partners, Microsoft, and MGX announced that NVIDIA and xAI joined the AI Infrastructure Partnership (AIP). The partnership targets US$30 billion in equity capital with the potential to mobilize up to US$100 billion including debt for AI data centers and energy infrastructure.

Third Point completed its acquisition of AS Birch Grove LP on 03 March 2025, adding CLOs, opportunistic private credit, multi-strategy credit, senior loans and high yield capabilities. Post-acquisition Third Point AUM became $21 billion.

Third Point completed its acquisition of Birch Grove, adding a diversified alternative credit platform with more than $5 billion of CLO assets under management and capabilities spanning opportunistic private credit, multi strategy credit, senior loans and high yield bonds. Third Point stated that the transaction increased its AUM to $21 billion.

Launched the second vintage of its infrastructure investment strategy for institutional investors, expanding its private markets platform focused on core infrastructure assets.