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Ares Raises $1.7 Billion for Australia Private Credit Fund

Private Equity Insights

The new fund comprises around A$850 million from investors and the balance in loans from Sumitomo Mitsui Banking Corp. Investors include two Asia Pacific sovereign wealth funds, pension funds, insurance companies, family offices and high net worth individuals, according to Ares, without identifying them.

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JPMorgan targets private credit firm to boost $3.6tn asset management arm

Private Equity Insights

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up JPMorgan’s asset management arm manages funds for high-net-worth individuals and institutions such as endowments and pension funds.

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PSG Equity holds final close of second European fund at over €2.6bn

Private Equity Insights

PSG Equity (PSG), a growth equity firm partnering with software and technology-enabled services companies in Europe, North America and Israel to help accelerate their growth, has held the final close of PSG Europe II (PSGE II), the firm’s second Europe-focused fund, with more than €2.6

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JPMorgan targets private credit firm to boost $3.6tn asset management arm

Private Equity Wire

JPMorgan’s asset management arm manages funds for high-net-worth individuals and institutions such as endowments and pension funds. At the end of last year, it managed $17bn in private credit assets, slightly less than Monroe Capital’s nearly $19bn in committed and managed capital as of 1 April.

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TrueBridge raises $1.6bn across five VC investment vehicles

Private Equity Wire

TrueBridge Capital Partners Fund VIII, which will focus on investments in early-stage tech companies, closed with $884m in commitments, surpassing its fundraising target, while Seed & Micro-VC II held a final close with $189m in total commitments to invest in seed and micro-VC managers focused on early-stage companies.

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New Mountain Capital Closes on $15.4 Billion for New Mountain Partners VII

FinSMEs

Billion seventh control/control-oriented fund, New Mountain Partners VII, L.P. Investors in Fund VII included approximately 400 of pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, family offices, RIAs, and high net worth individuals, among others.

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PSG Equity holds final close of second European fund at over €2.6bn

Private Equity Wire

PSGE II, one of the largest growth equity funds raised to invest exclusively in European software companies, exceeded PSG’s initial target, and secured support from both new and existing investors globally including state pension funds, sovereign wealth funds, family offices and high net worth individuals.