Industry Focus

CPP Investments and Brookfield Asset Management have created a framework capable of deploying up to C$50bn of equity into large Canadian infrastructure and strategic-industry projects over five years, in one of the biggest domestic investment initiatives yet undertaken by a Canadian pension investor.

Strategic Value Partners has hired Goldman Sachs Asset Management's global client business head Matt Gibson as president, handing the 25-year Goldman veteran responsibility for client relations, infrastructure and strategic development across its $22bn alternatives platform.

Morgan Stanley Investment Management has closed its inaugural dedicated growth equity fund on an oversubscribed $1.3bn.

Portobello Capital has closed its fifth flagship buyout fund on €710m, beating its €600m target after less than 18 months of fundraising. The Madrid-based manager...

Goldman Sachs Alternatives has closed its ninth flagship buyout fund on $9.6bn, almost matching its $9.7bn predecessor despite the prolonged slowdown in global private capital fundraising.

Apollo has completed a €3bn investment in Bayer's long-acting reversible contraceptives business, with KKR joining the transaction as a significant minority participant. Apollo-managed funds...

Global private capital fundraising is heading for a fifth consecutive annual decline, with almost four-fifths of capital now flowing into funds of at least $1bn as liquidity-starved LPs concentrate commitments with larger managers, according to new PitchBook data.

Golub Capital has hired former Northleaf Capital Partners executive Matt Shafer to lead its GP-led private equity secondaries strategy, less than a year after committing more than $1bn to build the business.

Carlyle has raised about $2.3bn for its second infrastructure credit fund, taking in more than three-and-a-half times the capital secured for its predecessor as the investment giant scales its private infrastructure lending business.

Crane Venture Partners has raised $484m across four investment vehicles as the London-founded venture investor expands from its European roots into a globally connected early-stage investment platform spanning Europe, North America, India and Asia-Pacific.