Tag: fund

The Virginia Retirement System has reported a 12.1% net investment return for the fiscal year to June 30, 2026, growing its trust fund to $135.2bn.

Accel has raised $3.5bn across four new early-stage venture funds, reinforcing its long-term conviction that AI is creating a tech supercycle that will accelerate company formation and reshape venture investing globally.

TPG has agreed to acquire a 61.2% controlling stake in South Korea’s largest car rental company, Lotte Rental, from Hotel Lotte and Busan Lotte Hotel in a transaction valued at KRW1.31tn ($925m).

Canyon Partners has completed the final close of its latest US opportunistic real estate strategy on about $570m, beating its initial $500m target.

Apollo S3 has led another single-asset continuation vehicle, backing Monogram Capital Partners' transfer of drinks manufacturer Mountaintop Beverage into a new fund.

Canadian investor Polar Asset Management has secured more than $215m for the first close of its second dedicated significant risk transfer (SRT) fund, expanding a strategy that has emerged as a key way banks are managing regulatory capital while opening a fast-growing niche for private credit investors.

Exponent has completed a roughly €750m single-asset continuation vehicle for Irish electrical engineering specialist H&MV, extending its ownership of one of Europe's fastest-growing infrastructure services businesses at a €1.4bn valuation.

Ontario Teachers’ Pension Plan posted a 9.5% net return for the first six months of 2026, with its venture growth portfolio emerging as the largest contributor to performance as the Canadian pension fund’s assets surpassed C$300bn.

Italy-focused private markets manager Nextalia has held a €1.1bn first close for its second flagship private equity fund, securing one of the country's largest pools of capital dedicated to mid-market buyouts just five months after launching the raise.

Apollo Global Management has agreed to acquire UK-listed airline easyJet in a £5.7bn transaction, ending a competitive bidding process after rival suitor Castlelake withdrew.