The 6 powerhouse private equity fundraises you need to have seen from last week


MIRA’s latest European infrastructure fund stands among a flurry of multi-billion dollar credit funds as the biggest alternative asset vehicle closed last week.

Macquarie’s infrastructure and real asset arm has now raised over €13bn in just over a year after closing its sixth European infrastructure fund on €6bn. They can thank 65 per cent of their previous investors, who kindly reupped to the new megafund. Obviously credit to the new investors too.

The fundraise represents a marked jump from its €4bn Fund IV, and even surpassed the firm’s North America-focused vehicle, which closed on a €5bn hard cap earlier this year.

GSO Capital Partners provides credit solutions and is owned by private equity major Blackstone – if you are in the energy market, you may be pleased to find out that its second Energy Select Opportunities Fund has closed on $4.5bn.

GSO is one of the world largest credit-oriented alternative asset managers, looking after close to $115bn of assets.

Twin Brook Capital Partners – another credit specialist – now has more than $5bn of buying-power after closing its oversubscribed third direct lending fund on $2.75bn.

The firm is eyeing the mid-market with this fund albeit at the lower end of the scale.

There had been talk since May last year that HIG Capital’s distressed debt and special situations arm was back in the market looking for $1bn for its latest loan opportunity fund.

HIG Bayside Loan Opportunity Fund V raised $1.5bn for its final close, a welcome jump in capital from $1.1bn collected for Fund IV.

The firm has only just announced the final close of its latest vehicle, but executive managing director and head of HIG Bayside Capital John Bolduc said they had already committed 38 per cent of the fund in European special situation opportunities.

Ares Management has pulled in $1bn for its new special opportunities fund and is set to double that amount when it reaches final close later this year, SEC documents confirmed.

The Los Angeles-based unit has enlisted the services of Ares Investor Services and Goldman Sachs as placement agents.

Since April 2016, US-based private equity major Adams Street Partners has raised more than $2bn of commitments for secondaries investment.

The firm hit that total after raising $1bn for its sixth secondaries fund last week, following the recent close of its first $1.1bn first private credit program and $824m 2018 Global Fund.

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