AAR has agreed to acquire a 65% controlling interest in Bain Capital-backed MRO Holdings at a $4bn implied enterprise value, paying about $1.8bn of equity value for the initial stake and repaying roughly $1.3bn of MRO’s existing borrowings.
Almost two-thirds of institutional investors expect to increase their exposure to infrastructure equity and private equity over the next three to five years, according to a global survey of 700 investors by IFM Investors.
New York City comptroller Mark Levine is seeking to put another $5bn of the city’s pension capital into private-market climate strategies spanning power generation, grid modernisation, energy storage and resilient infrastructure.
Blackstone global private equity head Joseph Baratta is preparing to leave the alternatives giant by the end of the year after almost three decades at the firm, according to reports from the Wall Street Journal and Financial Times.
Sofinnova Partners has increased the size of its specialist medtech company-creation strategy by 30% after closing its fourth MD Start fund on an oversubscribed €82m.
Seligman Investments has doubled the deployable capital available to its venture arm to $1bn, just eight months after launching the platform with $500m, amid a surge in investment opportunities across AI infrastructure, semiconductors and cybersecurity.
Bessemer Venture Partners has more than doubled the size of its dedicated growth fund amid a major expansion of its later-stage investment strategy, as the VC giant raised $5.75bn across a new group of vehicles.
Ibex Investors has more than doubled the size of its Israel-focused secondaries strategy by closing its second fund on $87m, less than two years after raising $40m for its debut vehicle.
Third Point has led a $3.36bn pre-IPO convertible financing for British AI infrastructure business Nscale, with Nvidia, funds managed by Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council and 8090 Industries among the investors.
Institutional investors poured $190bn into private credit funds during the first half of 2026, a 53% jump from a year earlier despite the redemption pressure and market volatility that have hit parts of the asset class.