Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Global distribution and technology partnership to increase institutional-quality alternative fund access among international wealth managers; no equity stake reported.
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.
InfraVia-backed nexfibre partnered with Virgin Media Q2 on the acquisition of Upp network assets through a back-to-back arrangement.
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.
Blue Owl's GP Strategic Capital platform, formerly Dyal Capital, made a passive minority investment in Stonepeak announced on 11 July 2023. This is capital invested into Stonepeak, rather than Stonepeak buying Blue Owl. Financial terms and the ownership percentage were not disclosed. The investment adds balance-sheet flexibility to support Stonepeak's strategic initiatives and expansion. The announcement explicitly states that day-to-day operations, management, investment processes and decision making remain unchanged. Stonepeak reported approximately $55.7 billion AUM and more than 240 investors at the time. Evercore acted as Stonepeak's financial adviser and Simpson Thacher as its legal counsel; Fried Frank advised Blue Owl on legal matters.
Hadley Harbor IV late-stage private fund reported approximately US$2.6B raised versus US$2.5B target plus separate co-investment capacity.
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.
InfraVia announced plans for a Critical Metals Fund on 11 May 2023, targeting €2 billion and an initial 25-year term. The French State allocated €500 million through France 2030, with Caisse des Dépôts acting as operator for the State’s investment. InfraVia expected an initial €1 billion closing by the end of 2023; that statement was prospective and does not confirm a completed close. The strategy addresses supply security for French and European industries while investing internationally across extraction, processing and recycling. Lithium, nickel and cobalt were among the materials highlighted. Industrial participants and institutional investors were expected alongside public capital. Investments were intended to support electrification and the energy transition.
Stonepeak announced a euNetworks recapitalization on 2 May 2023, anchored by a Stonepeak-managed vehicle and strategic investments from APG and IMCO. APG participates for pension client ABP. Stonepeak initially acquired a majority interest in January 2018, while IMCO also identified an initial 2018 investment. At announcement the European network covered 53 cities in 17 countries and directly connected more than 510 data centers. The partners intend to expand and densify metropolitan fiber infrastructure and cloud connectivity. Closing was expected in the second half of 2023, subject to approvals. J.P. Morgan advised euNetworks, Simpson Thacher advised Stonepeak, UBS and Baker McKenzie advised APG, and Gowling WLG advised IMCO.
Wellington closed its Biomedical Innovation II fund at approximately US$476M to finance private biotech and medical treatments innovation.
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.
Stonepeak and Spirit Super signed an agreement in November 2022 to acquire GeelongPort, with Stonepeak's managed funds and accounts holding 70% and Spirit Super 30%. The official portfolio dates the investment to April 2023 and identifies the pension partner today as CareSuper, formerly Spirit Super. GeelongPort is a diversified landlord port in Victoria, approximately 75 kilometers southwest of Melbourne. It has 15 berths across Corio Quay and Lascelles Wharf and supports regional trade through road, rail and channel access. Gresham Partners advised the consortium, King & Wood Mallesons supplied legal advice and Clayton Utz supplied tax advice. Purchase consideration was not disclosed in the announcement.
Stonepeak invested an additional $570 million in American Tower's United States data-center business, completing the upsize on 20 October 2022 and announcing it on 27 October. This follows the initial $2.5 billion investment completed in August 2022. Combined common and mandatorily convertible preferred equity represented approximately 36% ownership on a fully converted basis at the then outstanding capitalization. Conversion was expected four years after the initial closing, so that percentage should retain its conditional historical basis. The investment belongs to Stonepeak's core infrastructure strategy. MUFG advised Stonepeak and Sidley Austin supplied legal counsel. American Tower retained its parent relationship to CoreSite; this is not a purchase of American Tower overall.
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.
Majority investment by Point72 Hyperscale; exact stake and price undisclosed.
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.
Stonepeak completed a $3 billion equity-value recapitalization of Cologix on 4 April 2022. Infrastructure Fund II and co-investors sold the business to Stonepeak-managed vehicles that combined reinvesting existing investors with new third-party capital. Mubadala exited its investment through this recapitalization. Stonepeak had first acquired a majority stake in March 2017, with Mubadala adding growth capital in January 2020. Cologix also completed a separate $1.65 billion asset-backed securitization earlier in 2022. The transactions financed its North American interconnection and hyperscale-edge data-center expansion. Goldman Sachs advised Stonepeak and RBC advised Fund II; Simpson Thacher acted as legal counsel. The continuation structure preserves Stonepeak management while distinguishing the selling and buying vehicles.
Oaktree announced on February 1, 2022 that its Real Estate Debt Fund III and related vehicles completed fundraising on December 15, 2021 with approximately $3 billion of commitments. The strategy invests in real estate-related debt, including commercial and residential property loans, structured credit and mezzanine financing.
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.
Oaktree announced the final close of Opportunities Fund XI and related vehicles on November 16, 2021 with $15.9 billion of combined commitments versus its original $15 billion fundraising target. The opportunistic strategy invests through public and private dislocated credit opportunities, including financing solutions for companies.
Inaugural AI-enabled private equity fund final close; new private investment structure disclosed.
