Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
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.
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.
Stonepeak agreed in December 2023 to invest GBP450 million in The AA through common and preferred equity. The announcement valued the business at approximately GBP4 billion enterprise value. TowerBrook and Warburg Pincus remain majority shareholders; Stonepeak's precise percentage was not disclosed. The company provides roadside assistance through a nationwide British patrol and garage network, serving 14 million members at announcement, together with insurance and driving services. New capital supports deleveraging, innovation and business growth after its March 2021 take-private. Stonepeak's March 2025 review confirms completion during 2024. TowerBrook and Warburg are co-shareholder relationships in this investment, rather than evidence that they share a limited partner with Stonepeak.
InfraVia-backed Molgas became Titan's strategic partner through funding round for 45% stake in Titan Energy Holding. Titan operates LNG and bio-LNG supply for maritime and industrial customers.
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.
Stonepeak completed its acquisition of a 49% interest in Cellnex's Swedish and Danish operations on 30 November 2023. Total transaction value was approximately EUR730 million, of which EUR558 million was recognized upfront. Cellnex retained control, continued consolidating the businesses and maintained day-to-day management in consultation with Stonepeak. The network had approximately 4,600 sites at closing and commitments or options for more than 2,400 additional locations. The proceeds supported Cellnex debt reduction and its investment-grade rating objective. Stonepeak described the investment as part of its core infrastructure strategy. Nomura and Guggenheim advised Stonepeak, with Herbert Smith Freehills providing legal counsel; AZ Capital and Baker McKenzie advised Cellnex.
Harvest Partners announced the final close of Harvest Partners IX, L.P. and its parallel funds at USD 5.34 billion in aggregate commitments, above a USD 5.25 billion fundraising target. The figures represent aggregate committed fund capital, not current NAV or firmwide AUM.
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.
Early-stage venture capital fund first final close at US$150M across fintech, B2B software, and consumer.
Stonepeak agreed in October 2023 to acquire Textainer in a transaction carrying approximately $7.4 billion enterprise value. Common shareholders were offered $50 per share in cash, totaling approximately $2.1 billion of common equity value; enterprise value is not Stonepeak's equity cheque. The board unanimously approved the agreement and included a 30-day go-shop period. The company leases intermodal containers to shipping lines and other customers through an international office and depot network. Stonepeak cited contracted cash flows and hard assets as the investment rationale. Textainer was to retain its Bermuda headquarters and Olivier Ghesquiere as chief executive. Stonepeak's subsequent official review confirms that the acquisition completed in March 2024.
PEP's investment in UP Education over the New Zealand Private Capital Association showed strong investment performance during its ownership.
On 9 October 2023, Point72 Ventures announced a dedicated Consumer and Media investment strategy. The firm said it had invested more than USD 1 billion in over 100 early-stage companies since 2016; this figure describes cumulative investment, not assets under management. The strategy targets opportunities in media and entertainment, sports, education technology, consumer health and commerce, with travel and gaming also identified as areas of interest. Its stated approach is thematic and can include backing businesses from incubation while supporting later growth. Point72 linked the launch to changes in customer acquisition, personalization, online communities and applications of artificial intelligence. It cited GlobalComix and Mirror as examples of earlier investments relevant to the strategy.
