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Pamlico Capital closes $1.75bn Fund VI amid strong investor demand

Private Equity Insights

The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. UBS Securities LLC acted as the placement agent, while Ropes & Gray LLP provided legal counsel for the fund.

Capital 162
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Blue Sage Capital closes $618m oversubscribed Fund IV, doubling predecessor fund

Private Equity Insights

Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The Texas-based firm, known for investing in lower middle-market companies, raised more than twice the amount of its $300m predecessor fund. Can’t stop reading?

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AshGrove Capital Closes Fund II at €650m hard cap

Private Equity Wire

AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.

Capital 97
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Nordic Capital closes €2bn fund

Private Equity Wire

Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.

Capital 98
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MainePERS makes $200m alternatives commitment

Private Equity Wire

The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pension fund.

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Valspring Capital closes Fund I above $255m target

Private Equity Wire

Growth equity firm Valspring Capital has closed its first fund, Valspring Capital Fund I, exceeding its $255m target, with plans to focus on investments in growth-stage companies in the healthcare sector. Valspring Capital was founded in 2022 by a team that previously worked at Bain Capital Ventures.

Capital 94
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Alchemy Partners closes €1bn Special Opportunities Fund V

Private Equity Insights

Alchemy Partners closed its latest fund, Alchemy Special Opportunities Fund V, securing 1bn in capital commitments and surpassing its initial fundraising target. It includes institutional investors such as pension funds, sovereign wealth funds, financial institutions, consultants, and family offices.