Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Antin announced that its planned acquisition of Excellence Imagerie had not completed and was terminated because regulatory conditions were not satisfied.
PEP Gateway expanded to New Zealand investors, providing access to a diversified global private equity platform.
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.
Point72 Private Investments led alongside Kin Ventures.
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.
Aflac Global Investments announced an agreement to acquire a 40% equity interest in lower-middle-market private-credit manager Tree Line Capital Partners. Tree Line's reported $2.7 billion of AUM is not the investment consideration, which was undisclosed. Aflac also planned to allocate a portion of future investable cash flow to Tree Line direct lending.
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.
Fund I reaches final US$385M in climate-focused venture and growth investments supporting mitigation and adaptation.
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.
IFM released a policy blueprint aimed at increasing pension-capital investment in US infrastructure, highlighting the growing role of Australian pension capital in international infrastructure.
Hamilton Lane's Strategic Opportunities Fund VIII closed, raising around $700 million for the firm's opportunistic private credit platform.
InfraVia led Planity’s $50 million Series C financing announced on 20 February 2024, with existing shareholders Crédit Mutuel Innovation, Revaia and Bpifrance Digital Venture participating. This brought aggregate financing since inception to $105 million. Planity, founded in 2017, provides appointment-booking software for beauty establishments and had more than 40,000 establishments using its services. The release reports $40 million of annual recurring revenue in 2023 with 60% growth and more than ten million monthly appointments. Financing supports European expansion, product development, potential acquisitions and hiring of 300 additional employees. Planned features include conversational AI for telephone appointments and mobile card payments. Arma Partners advised Planity exclusively. The company is Planity, not the existing CRM spelling Planty; $50 million is the total round, not a disclosed InfraVia-only investment.
InfraVia and Infracapital jointly sold their 100% stake in Terminal Darsena Toscana (TDT) to Grimaldi Group, representing an exit for both investment firms.
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.
Lexington raises $22.7 billion for Capital Partners X. Official firm or parent-company announcement.
