Education & Edtech

AI Fund is a venture studio founded by Andrew Ng — co-founder of Google Brain, former Chief Scientist at Baidu, and a pioneering figure in applied artificial intelligence — dedicated to accelerating the adoption of AI by co-founding transformative companies from the ground up. The studio has raised over $365 million across two vehicles: an inaugural $175 million fund launched in 2018 and AI Venture Fund II, an oversubscribed $190 million fund that reached its final close in May 2025. Backed by a combination of leading venture capital institutions and strategic corporate investors, AI Fund has established a differentiated position as one of the world's most active AI-focused company builders. Unlike conventional venture capital, AI Fund does not write checks into existing companies: it partners with entrepreneurs at the ideation stage to co-found businesses alongside them, contributing deep AI research expertise, market validation support, engineering teams, talent acquisition, and access to a global network of corporate partners. The studio focuses on the application and software infrastructure layers of the AI stack, leveraging large language models and agentic AI to create new businesses across financial services, renewable energy, future of work, education, logistics, healthcare, and developer tools. AI Venture Fund II attracted a notable LP base of strategic corporate investors including The AES Corporation, HP Inc., Mitsui & Co., Mitsubishi Corporation, QBE, and TELUS Global Ventures, alongside venture institutions Sequoia Capital and NEA. Since inception, AI Fund has co-founded approximately 35 portfolio companies across multiple verticals. Notable ventures include Gaia Dynamics, which provides real-time tariff compliance intelligence for businesses navigating complex trade environments; SkyFire AI, a platform enabling AI-powered drone deployment for first responders and enterprise customers; and Profitmind, an automated competitive pricing tool that enables retailers to optimise product margins at scale. The studio's systematic approach to addressing early-stage company-building challenges — from product-market fit validation to technical architecture to go-to-market strategy — has enabled portfolio companies to reach commercial traction significantly faster than typical venture-backed startup timelines.

Achieve Partners' first workforce development buyout fund, raising $167 million to acquire control positions in tech services, healthcare staffing, and workforce training companies. The fund builds proprietary apprenticeship programs within portfolio companies to place Americans into entry-level jobs, targeting private equity returns with a measurable impact thesis.

The Allianz Asia Pacific Secured Lending Fund (AAPSL) is a dedicated private credit vehicle managed by Allianz Global Investors (AllianzGI), one of the world's leading active asset managers. The fund held its final close on 15 December 2023, securing USD 610 million (approximately EUR 562 million) in commitments from institutional investors in Europe, the Middle East, and Asia Pacific. AAPSL represents a significant milestone in AllianzGI's Asian private credit expansion, establishing the firm as a specialist lender to mid-market corporates across the Asia Pacific region (excluding China). The fund's investment strategy focuses on deploying senior secured, senior unsecured, second lien, and subordinated debt to well-diversified businesses across Southeast Asia, South Asia, and Oceania. Target borrowers are mid-market corporates with enterprise values between USD 500 million and USD 2 billion and EBITDA between USD 15 million and USD 100 million — a segment that historically offers attractive risk-adjusted spreads due to limited competition from global banks. Core sectors include infrastructure, energy transition, healthcare, and education, with an emphasis on businesses demonstrating resilience across economic cycles and positioned to benefit from the low-carbon transition. AllianzGI's dedicated Asia Pacific private credit team manages USD 1.4 billion in total assets for the region as of the fund's final close, combining deep origination relationships with robust credit underwriting capabilities. The AAPSL fund allows institutional investors to co-invest alongside Allianz Group's proprietary balance sheet capital, aligning interests between the manager and limited partners. The fund's geographic focus outside China is designed to capture the growth tailwinds of Southeast Asia's expanding middle class, South Asia's infrastructure investment cycle, and Australia's well-established credit markets.

Aruwa Capital Fund II is a gender-lens, early-growth equity fund managed by Aruwa Capital Management, a Lagos-based, female-founded and led private investment firm. The fund seeks to empower underrepresented founders and address funding gaps for growth-stage companies in West Africa, especially those creating scalable solutions in essential sectors. Building on the success of its inaugural fund, Aruwa Capital Fund II targets high-impact businesses that generate both financial returns and measurable social value. The fund focuses particularly on companies that promote inclusive economic development and improve livelihoods, with a strong emphasis on enhancing opportunities for women as business owners, consumers, and employees. The fund has already backed two companies—Yikodeen, a safety boots manufacturer, and a fast-casual restaurant chain—selected for their alignment with Aruwa’s mission of inclusive growth and economic empowerment. With strong investor demand, Aruwa is considering increasing the fund’s hard cap from its original $40M target to $50M or even $60M.

BPEA Private Equity Fund IX is the latest flagship fund from EQT Private Capital Asia, aiming to raise $12.5 billion, with a hard cap set at $14.5 billion. Launched in August 2024, the fund continues the strategy of its predecessor, BPEA VIII, focusing on control-oriented, large-cap buyouts across the Asia-Pacific region. The fund leverages EQT's pan-Asian coverage and bottom-up investment approach to identify value and sector trends across diverse markets. The fund targets investments in sectors benefiting from structural and secular tailwinds, including technology, services, healthcare, industrial services, and technology services. With a focus on scalable market leaders, BPEA IX aims to construct a diversified portfolio of 18 to 22 companies, each with strong growth potential and defensible market positions. BPEA IX plans to make 4 to 6 investments per year, with average equity investments of $300 million and targeting companies with enterprise values ranging from $500 million to $2 billion. The fund's strategy is designed to capitalize on favorable demographics, professionalization of under-managed assets, and corporate governance reforms across the region.

Bain Capital Double Impact is an impact-focused private equity fund managed by Bain Capital, one of the world's leading private investment firms with over $180 billion in assets under management. Launched in 2017 with a final close at $390 million—well above its original $250 million target—the fund represents Bain Capital's strategic commitment to generating both competitive financial returns and measurable social and environmental outcomes for a select group of institutional investors, family offices, and endowments. The fund pursues a growth equity and buyout approach focused on scaling mission-driven companies across three core impact themes: Health & Wellness, Education & Workforce Development, and Climate & Sustainability. With typical equity investments ranging from $10 million to $40 million per company, Bain Capital Double Impact targets businesses with proven operating models and demonstrated positive impact, leveraging the operational playbooks and global network of Bain Capital's broader platform to accelerate growth. The fund typically underwrites 12 to 15 platform investments per vehicle. Since its inaugural close in July 2017, Bain Capital Double Impact has built a portfolio of mission-aligned companies spanning fitness, environmental services, education, and workforce development. Fund I's strong performance catalyzed subsequent vintages: Fund II closed at $800 million (2020) and Fund III at $1.46 billion, reflecting growing institutional demand for impact investing within a top-tier buyout framework. The fund is anchored by pension funds, family offices, and endowments, several of which made their first explicit impact investment through this vehicle.

Capnamic Ventures Fund III is a $215 million venture capital fund managed by Capnamic Ventures, one of the leading early-stage investors in the German-speaking technology ecosystem. The fund reached final close on March 3, 2022, with an oversubscribed raise that attracted a diverse investor base including institutional investors, corporate partners such as Evonik, Fressnapf, and Sparkassen Finanzgruppe, media companies including Neue Zürcher Zeitung and Rheinische Post, and successful technology entrepreneurs including Jörg Gerbig, Dirk Graber, and Verena Pausder. Fund III focuses on Pre-Seed through Series A investments in technology-based startups originating from Germany, Austria, and Switzerland—the DACH region. Capnamic Ventures targets founders at the earliest stages of company formation, providing both initial capital and long-term support through the full venture cycle. The fund meaningfully increased its allocation to the Pre-Seed phase relative to predecessor vehicles, reflecting the firm's conviction that the most differentiated returns are generated by establishing early, conviction-driven positions before a startup's trajectory is widely recognized. Capnamic operates from offices in Cologne, Berlin, and Munich, maintaining deep networks across Germany's corporate, academic, and technology communities, and backing founders building in areas including enterprise software, education technology, and data infrastructure. Capnamic Ventures Fund III follows two predecessor funds that backed category-leading startups in the German technology market. Fund III has deployed capital into portfolio companies such as Cleverly, Cedalo, and Sharpist, active in educational software and enterprise software development. The oversubscribed raise confirmed Capnamic's standing as a preferred institutional partner for DACH technology founders at the earliest venture stages, positioning the firm as a consistent participant across the DACH ecosystem's most important formative investment rounds.

E4E Africa Fund II is the second venture capital fund raised by E4E Africa, a South Africa-based impact-oriented venture firm focused on high-growth, technology-driven companies across Sub-Saharan Africa. The fund reached a first close of USD 30 million in December 2023, attracting both local and international institutional investors including the SA SME Fund, a South African government-backed fund of funds that was a cornerstone backer of E4E Africa's debut fund. E4E Africa was established to back exceptional entrepreneurial teams building scalable, technology-enabled businesses that address fundamental gaps in African economies while generating risk-adjusted venture-level financial returns. E4E Africa Fund II invests in early-stage to growth-stage companies across four core sectors aligned with the structural transformation of Sub-Saharan African economies: financial services and fintech (expanding access to credit, digital payments, and insurance for underserved populations), education and job technology (skill-building platforms, workforce matching, and EdTech enabling workforce development), e-health (telemedicine, digital diagnostics, electronic health records, and health information management), and energy solutions (off-grid solar, mini-grids, and decentralized clean energy access for underserved communities and businesses). The fund primarily targets Anglophone Sub-Saharan Africa, with an active presence in South Africa and Kenya, and seeks to expand into other high-growth markets across the continent. E4E Africa's debut fund established a portfolio track record across South African and East African technology markets. Fund II's early portfolio includes Kwara, a Kenyan core banking platform serving SACCOs and credit unions with digital transformation tools; TUNL, a South African tech-enabled cross-border export shipping provider simplifying logistics for small and medium exporters; and a fast-growing embedded finance platform disrupting financial services distribution in Kenya. The firm's on-the-ground presence across southern and eastern Africa provides an information advantage in sourcing seed and Series A opportunities ahead of larger pan-African funds, and its impact thesis attracts Development Finance Institution co-investors seeking blended finance structures.

Eden Capital Partners II is a private equity fund managed by Eden Capital and located in New York. The fund has a fundraising target of $400 million. The fund invests in the United States, Canada and Western Europe. The fund targets investments in the IT consulting, outsourcing, healthcare, software, business product and service sectors. Eden Capital deploys $20 - $75 million of equity per transaction with the ability to invest below those thresholds for add-on acquisitions. They seek majority, or substantial minority positions with control rights, through leveraged buyouts, management buyouts, and growth equity structures. Eden invests in companies in United States, Canada, Western Europe with enterprise value smaller than $150 million, EBITDA between $3 and $15 million. As of April 2024, the fund has raised $96.4 million, according to regulatory filings with the SEC.

Global Impact Fund II is a seed-stage impact venture capital fund managed by The Global Good Fund, a Glenwood, Maryland-based investment organisation focused on backing social entrepreneurs from underrepresented communities. The fund made its first close in February 2021 and has raised $9.8 million against a $10 million target, structured as a Delaware Limited Partnership with standard venture economics (2% management fee, 20% carried interest) and a ten-year term including a five-year active investment period. Global Impact Fund II targets for-profit companies led by minority and women entrepreneurs operating across impact sectors including environmental sustainability, healthcare and health technology, education and edtech, financial technology, socioeconomic mobility, and income equality. The fund's approach prioritises both market-rate financial returns and measurable social outcomes, targeting a 3.5x net return for investors while deploying capital into mission-aligned businesses. The Global Good Fund's investment philosophy bridges the gap between traditional venture capital and philanthropy, providing not only equity capital but also mentorship and leadership development support to the founders it backs. Portfolio performance as of 2024 reflects returns of 5.1x invested capital, exceeding the fund's original return target. Note: This is a distinct fund from KKR's larger-scale Global Impact Fund II ($2.8B); reviewers should verify the correct fund ID before applying changes.

Halogen Ventures Fund III is the third flagship fund of Halogen Ventures, an early-stage venture capital firm founded in 2015 by Jesse Draper—a fourth-generation venture capitalist and daughter of Tim Draper. The fund held its final close on June 27, 2025, raising $30 million in commitments, continuing Halogen's progression from a $10.41 million Fund I (2018) and a $21 million Fund II (2021). Limited partners include the State of Alabama's Innovate Alabama initiative, Fenwick's Fund of Funds, entrepreneur Candace Nelson (founder of Sprinkles Cupcakes), Gingerbread Capital, Mike Evans (co-founder of Grubhub), and Lanyon Advisors. Fund III sharpens Halogen's 'Future of Family' thesis, prioritising the $7.5 trillion market opportunity in childcare, child and youth services, family technology, and EdTech for modern working families. The fund invests at the pre-seed and seed stages in companies founded or co-founded by women, addressing systemic gaps in U.S. childcare infrastructure and the broader needs of modern households. Alongside family-focused verticals, Fund III continues Halogen's broader mandate to back female founders innovating across consumer technology, digital health, and business software—sectors where Halogen has consistently identified overlooked talent generating outsized risk-adjusted returns. Over two prior funds, Halogen built a diversified portfolio of female-led companies across consumer tech, healthcare, and enterprise software. Jesse Draper and the Halogen team have backed companies including Little Otter (pediatric mental health), Kinside (childcare marketplace), and Zing Health (Medicare insurance), demonstrating a consistent ability to identify mission-driven founders in underserved markets. Halogen's growing LP base—including state economic development funds, institutional fund-of-funds, and prominent entrepreneurs—reflects increasing institutional recognition of gender-lens investing as a differentiated and commercially compelling strategy.

Impact Ventures PSM Seed is a $5 million pre-seed and seed-stage impact venture fund jointly launched in February 2025 by Impacta VC, a specialist impact investment firm with offices in Santiago de Chile and Montevideo, Uruguay, in strategic alliance with Impact Ventures PSM, the private impact investment arm of Promotora Social México (PSM), a pioneering Mexican social enterprise organisation. The fund marks a significant collaboration between an established Latin American impact investor and one of Mexico's most respected social impact institutions, combining Impacta VC's investment management expertise with PSM's 30-year track record of social innovation and its deep network in Mexican civil society and corporate sectors. The fund targets pre-seed and seed-stage startups across Latin America — primarily Mexico, Chile, Colombia, Argentina, and Brazil — that are building technology-enabled solutions with measurable social or environmental impact. Target sectors include financial inclusion and fintech, digital health and healthcare access, affordable housing and proptech, sustainable agriculture and agritech, education technology, clean energy and climate solutions, and fair trade platforms. Investment ticket sizes range from $100,000 to $300,000 per startup, with a portfolio construction targeting approximately 20 companies. Investment criteria require founding teams to be full-time committed, with scalable and replicable business models in underserved markets and a strong technological component underpinning their value proposition. Impact Ventures PSM Seed is managed by co-managing partners Corinne Lebrun (Impact Ventures PSM) and David Alvo (Impacta VC), combining legal and operational expertise from both organisations. The fund has made its first confirmed investment in Preventix, a Mexican preventive health technology startup focused on cervical cancer early detection via AI-powered diagnostics. By combining Impacta VC's investment methodology — honed across its Chilean and Uruguayan portfolio — with PSM's Mexico-specific impact ecosystem relationships, the fund is positioned as one of the first dedicated impact seed vehicles serving the Mexican and broader Latin American startup ecosystem with institutional-quality investment management and rigorous impact measurement frameworks.

LLCP Fund VII is the seventh flagship private equity fund raised by Levine Leichtman Capital Partners (LLCP), a Los Angeles-based alternative asset manager with over three decades of experience in Structured Private Equity. Closed in July 2025 with total capital commitments exceeding $3.6 billion — materially surpassing its target and representing approximately 1.5 times the size of its predecessor, LLCP Fund VI ($2.5 billion, 2018 vintage) — Fund VII marks LLCP's largest vehicle to date and reflects continued strong institutional demand for the firm's differentiated, income-and-growth approach to middle market buyouts. The fund was significantly oversubscribed, attracting commitments from both long-standing limited partners and a diverse set of new institutional investors globally. LLCP Fund VII targets established North American middle market companies through the firm's proprietary Structured Private Equity strategy, which combines customized debt and equity capital to generate a blend of current income and long-term capital appreciation. This approach differentiates LLCP from traditional buyout firms by creating downside protection through debt-like structures while preserving equity upside. The fund focuses on businesses with proven cash flow profiles across LLCP's four core sectors: franchising, business services, education, and engineered products. Typical investments involve control or significant minority positions in companies with enterprise values generally between $100 million and $750 million, sourced through proprietary relationships and competitive processes. LLCP and its affiliates currently manage approximately $12.7 billion in assets across all active fund strategies, having deployed capital into more than 100 platform companies since the firm's founding in 1984. The Structured Private Equity model has been refined across seven flagship funds and multiple lower middle market vehicles, producing a track record of consistent value creation through operational improvement, strategic add-on acquisitions, and disciplined capital structure management. Fund VII's oversubscription and scale increase underscore LLCP's standing as one of the leading middle market buyout managers in North America.

LLCP Lower Middle Market Fund III, L.P. (LMM III) is the third dedicated lower middle market buyout fund raised by Levine Leichtman Capital Partners (LLCP), a Los Angeles-headquartered alternative asset manager specializing in Structured Private Equity. Completed at its increased hard cap of $1.38 billion in September 2021 — more than double the size of its predecessor, LMM II ($615 million, 2016 vintage) — LMM III was significantly oversubscribed and received commitments from a combination of returning institutional limited partners and a broad set of new global investors. The fund represents LLCP's most ambitious lower middle market vehicle to date and reflects growing institutional appetite for differentiated, income-generating private equity strategies targeting founder-led businesses in the smaller end of the U.S. market. LMM III employs LLCP's Structured Private Equity strategy to target entrepreneur-led businesses in the lower middle market segment, focusing on U.S.-based companies with less than $50 million in annual revenues. The fund concentrates its deal activity in four core sectors where LLCP has developed deep sourcing networks and domain expertise: franchising, business services, education, and engineered products. By combining bespoke debt structures with equity ownership, LLCP generates current income alongside capital appreciation, providing institutional investors with a risk-return profile differentiated from traditional leveraged buyout strategies. Control and significant minority positions are the typical investment structure across the portfolio. LLCP's lower middle market franchise has grown substantially across three fund generations: LMM I (approximately $400 million), LMM II ($615 million, 2016), and LMM III ($1.38 billion, 2021). Portfolio companies benefit from LLCP's operational resources, management recruiting capabilities, and proprietary add-on acquisition sourcing network. The broader LLCP platform manages approximately $12.7 billion in assets and has backed more than 100 platform companies, with LMM III representing the firm's most recently closed and largest dedicated lower middle market investment vehicle.

Levine Leichtman Capital Partners VII (LLCP Fund VII) is a $3.6 billion oversubscribed flagship private equity fund from LLCP, a Los Angeles-based middle-market investment firm with a 41-year track record of disciplined investing. Closing in July 2025 with commitments nearly 44% larger than its predecessor Fund VI ($2.5 billion, closed 2018), Fund VII was significantly oversubscribed despite challenging fundraising conditions, reflecting strong support from LLCP's existing institutional investor base supplemented by substantial commitments from new investors including corporate pension plans, public pension funds, endowments, and sovereign wealth funds. The fund focuses exclusively on market-leading middle-market businesses in LLCP's four core sectors, led by a global team of 9 partners with an average 19-year firm tenure. Fund VII targets four core sectors: franchising, business services, education and training, and engineered products and manufacturing. LLCP identifies acquisition targets typically valued between $50 million and $400 million in enterprise value, seeking companies with strong market positions, resilient business models, and significant value creation opportunities. The fund employs LLCP's differentiated, uncorrelated investment strategy that has performed consistently through multiple economic cycles. Platform investments already underway at close include All4, Schülerhilfe, and USA Water, demonstrating rapid deployment into attractive middle-market opportunities across the firm's focused sector universe. Since inception, LLCP and its affiliates have managed approximately $18.1 billion across nearly 20 investment funds and invested in approximately 120 portfolio companies. The firm has executed 89 cumulative exits, including notable recent realizations such as Global Loan Agency Services (January 2026) and Capsa Healthcare (April 2026). Over the past three years alone, LLCP completed approximately $4.6 billion in realizations, demonstrating active portfolio management and consistent exit execution. Fund VII's oversubscribed close underlines the firm's recognized edge in identifying middle-market value creation opportunities within its focused sector universe.

Linzor Capital Partners III, L.P. (LCP III) is the third private equity fund raised by Linzor Capital Partners, the leading pan-regional middle-market private equity manager in Spanish-speaking Latin America, headquartered in Santiago, Chile with offices in Mexico City, Bogota and Buenos Aires. The fund held its final close on May 15, 2015, reaching its self-imposed hard cap of USD 621 million in aggregate capital commitments after just six months in the market — a testament to strong institutional demand from both returning and new investors. The fund is managed by Tacora Management Company II Ltd. (CRD 162736), administered by J.P. Morgan Private Equity Fund Services and audited by Deloitte and Touche LLP. The investor base comprised pension funds, asset management firms, insurance companies, sovereign wealth funds, endowments, foundations and family offices, with approximately 40% of capital from the United States, 33% from Europe and 27% from Latin America and Asia Pacific. General partners made significant personal commitments alongside limited partners. LCP III deploys the same disciplined, control-oriented middle-market buyout strategy as prior funds, targeting companies valued at USD 75-400 million in Chile, Mexico, Colombia, Peru and Argentina, with selective exposure to Uruguay and Spain. The fund concentrates on essential services and emerging platform businesses across healthcare, education, telecom and digital infrastructure, financial services and technology — sectors with strong demographic tailwinds and underpenetrated service delivery. With ticket sizes of USD 20-50 million, LCP III targeted 6-10 platform investments, building sector leaders through active operational involvement and ESG integration. The fund strategy evolved from LCP II to reflect Latin America's increasing focus on digital and knowledge-based services. LCP III invested across eight transactions. Notable realisations include Mundo Telecomunicaciones, Chile's fibre-to-the-home provider with over 400,000 subscribers across 2 million homes passed, sold to Digital Bridge in 2022; and S4L (formerly UTEL), Latin America's leading pure-online higher education platform in Mexico, which has returned dividends. Active holdings include Uno Salud, Chile's largest dental chain with 80-plus locations; SIES Salud, a Colombian healthcare services platform; Universidad Insurgentes, a Mexican university serving 23,000 students; and inConcert (Convertia), a Spain and Latin America-based SaaS provider of customer experience and digital marketing solutions. The fund also co-invested in Engen alongside LCP II, Mexico's leading independent equipment leasing platform.

Linzor Capital Partners IV (LCP IV) closed its fourth institutional private equity fund with aggregate capital commitments exceeding $200 million, demonstrating strong investor confidence in Linzor's proven track record across Latin America. Linzor Capital Partners was founded in 2006 by former J.P. Morgan professionals Tim Purcell, Alfredo Irigoin, and Carlos Ingham, and has established itself as one of the leading regional private equity firms focused on mid-market investments across Latin America excluding Brazil. The firm has deployed approximately $1.2 billion across 25 transactions since inception, with offices in Mexico City, Santiago, Bogotá, and Madrid providing deep local market access and management networks across target geographies. LCP IV's investment strategy focuses on acquiring controlling stakes in companies with enterprise values typically ranging from $100 million to $400 million and EBITDA between $10 million and $100 million. The fund targets market-leading businesses across healthcare, fintech, technology, business services, education, and telecommunications — sectors with structural growth tailwinds in Latin American economies. Linzor creates value through operational improvements, strategic acquisitions, and management team strengthening, exiting via strategic sales, IPOs, or recapitalizations. Early LCP IV deployments include Numaris (a Mexico-based SaaS telematics provider serving 3,000+ enterprise clients managing 200,000+ connected vehicles) and a consortium investment in a leading Chilean private health platform alongside Patria Investments and Moneda. Linzor Capital is distinguished by its commitment to ESG and impact investing principles, integrating responsible investing throughout the entire investment lifecycle from screening through exit. The firm prioritizes portfolio companies contributing to sustainable development in areas including financial inclusion, quality education, affordable healthcare, and technology access, with measurable impact metrics tracked across the fund. With approximately $736 million in total assets under management across multiple funds, Linzor combines disciplined capital allocation with a purpose-driven approach to advancing Latin American economic development, making LCP IV a compelling vehicle for investors seeking private equity exposure to high-growth Latin American markets.

The Mastercard Foundation Africa Growth Fund is a $200 million Fund-of-Funds initiative that supports African-owned and African-led investment vehicles. These vehicles finance early-stage and growth-oriented small and medium-sized enterprises (SMEs) with the aim of fostering inclusive economic development across sub-Saharan Africa. The Fund is deeply focused on enabling dignified and fulfilling work opportunities for young people, especially young women. It accomplishes this by de-risking and strengthening impact investment vehicles that are committed to gender equity and social inclusion. Since its launch in 2022, the Fund has backed 18 investment vehicles operating in 12 African countries, facilitating financing for 49 SMEs and creating more than 2,500 full-time jobs—over 1,100 of which are held by women. Through this structure, the Fund not only boosts access to capital for underrepresented entrepreneurs but also builds the long-term capacity of Africa’s investment ecosystem.

Mediterrania Capital IV Mid Cap (MC IV) is a private equity fund managed by Mediterrania Capital Partners, focusing on growth investments in mid-cap companies across North Africa and Francophone Sub-Saharan Africa. With a target fund size of €350 million, MC IV aims to support businesses with strong growth potential and established market positions. The fund seeks to invest in sectors crucial for the region's development, including healthcare, education, financial services, consumer goods, and manufacturing. By providing both capital and strategic support, MC IV assists companies in scaling operations, enhancing governance, and expanding into new markets. MC IV is committed to responsible investing, integrating environmental, social, and governance (ESG) considerations into its investment process. The fund also emphasizes gender diversity, aligning with the 2X Challenge by aiming for a significant portion of its portfolio to meet gender inclusion criteria.

The Mirova Societal Impact Fund, operated as Mirova Impact Life Essentials (MILE), is a EUR 200 million target private equity fund dedicated to generating measurable societal impact across Europe through investments in growth-stage unlisted companies. The fund is managed by Mirova, a French asset management firm specializing in responsible investment and a subsidiary of Natixis Investment Managers, which manages more than EUR 28 billion in assets across listed equities, bonds, real assets, and private markets strategies. Structured as a Societe de Libre Partenariat under French law and classified under SFDR Article 9, the highest sustainable investment designation under European regulation, the fund's mandate is organized around four societal themes: knowledge and learning covering education technology and vocational training; well-being and health including health services, digital health, and home care; mindful and responsible consumption such as sustainable food systems, eco-mobility, and secondhand markets; and diversity and inclusion focusing on professional reintegration and accessibility services. Investment tickets range from EUR 5 million to EUR 20 million per company, with a primary focus on French and pan-European businesses. The fund carries a 10-year term with two one-year extension options and is approved under France's TIBI institutional investment initiative. It holds LuxFLAG ESG, LuxFLAG Social Impact, and Towards Sustainability labels. The fund aligns with United Nations Sustainable Development Goals 3 (health), 4 (education), 8 (decent work and economic growth), 10 (reduced inequalities), and 12 (responsible consumption and production).

Navis Asia Fund VIII is the eighth flagship private equity fund raised by Navis Capital Partners, the Kuala Lumpur-headquartered investment firm founded in 1998 that specialises in control-oriented buyout investments across Southeast Asia, Greater China, and Australia and New Zealand. The fund closed at $900 million in July 2021, below its initial target of approximately $1.75 billion — reflecting the challenging macro environment during the COVID-19 recovery period — but squarely within Navis's operating sweet spot for mid-market control transactions across emerging Asia. Alongside Fund VIII, Navis Capital Partners simultaneously closed the Navis Asia Green Loop Fund, a $450 million continuation vehicle holding five legacy companies from its sixth fund, underscoring the firm's proactive portfolio lifecycle management. The fund's investment mandate mirrors those of its predecessors: taking predominantly controlling or co-controlling equity interests in growing mid-market companies with revenues typically between $50 million and $300 million. Navis targets three core sectors where it has built deep operator networks over its two-decade-plus history: healthcare and private healthcare services; private education; and food-related consumer goods. Investment tickets typically range from $10 million to $50 million per platform acquisition, allowing the fund to build a diversified portfolio across its geographies. Fund VIII includes a dedicated $150 million co-investment sidecar for Cambodia, Laos, Myanmar, and Vietnam — frontier markets where Navis sees earlier-stage control opportunities complementary to its core ASEAN thesis. Portfolio companies seeded through Navis Asia Fund VIII include Dan-D Foods Group (specialty Asian food processing), S-Spine and Nerve Hospital (Southeast Asian neurosurgical healthcare), Eton Solutions (global payroll and HR technology), Ambassador Education Group (private education), and Software Combined (enterprise software distribution). Navis Capital Partners' seven predecessor flagship fund vintages since 1998 have generated a track record across multiple Asian economic cycles, establishing the firm as one of the most experienced and disciplined practitioners of control-oriented mid-market buyout investing in the Asia-Pacific region.

The Navis Next Generation Fund is a $230 million continuation vehicle managed by Navis Capital Partners, specifically created to support and expand its investments in affordable K-12 education across Southeast Asia. This fund was structured to allow partial liquidity for existing investors in Navis Asia Fund VIII, while enabling ongoing exposure to the long-term value creation of the education portfolio. The fund consolidates several high-performing education assets previously held under Fund VIII, including Ambassador Education Group (Thailand), CIA First International School (Cambodia), and IGC Group (Vietnam). These institutions are among the region’s leading providers of private K-12 education, with a strong focus on academic quality, affordability, and scalable operating models. Navis structured this fund with TPG NewQuest as the lead secondary investor. By doing so, the firm aligned the interests of legacy LPs, new institutional backers, and the general partner, all while providing additional capital for continued platform growth. The strategy centers on enhancing the value of existing school networks through expansion, operational upgrades, and potential acquisitions, leveraging Navis' regional expertise and education sector focus.

ONCAP II LP is the second fund raised by ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX). Closed in May 2006 with C$574 million in total commitments, the fund invested in eight North American mid-market platform companies and completed 97 add-on acquisitions over its investment period. ONCAP II targeted equity investments of C$20 million to C$100 million in Canadian and U.S. businesses across sectors including financial education, automotive aftermarket, automotive services, sports goods distribution, and consumer services. The fund is fully realized and has returned capital to its limited partners. Notable realized investments include CSI Global Education, sold to Moody's Corporation in 2010 for total proceeds of $146 million (5.8x MOIC, 57% gross IRR), Mister Car Wash, acquired in 2007 and sold in 2014 generating net proceeds of $423 million against a $52 million original investment, and Caliber Collision Centers, sold to OMERS Private Equity in 2013. ONCAP's investment philosophy throughout this fund emphasized organic growth combined with M&A-led add-on acquisition strategies, partnering with management teams to build market-leading businesses without relying on financial engineering or excessive leverage. With 39 employees managing $3.5 billion in AUM across offices in Toronto and New York, ONCAP has built a 26-year track record of 38 platform investments and over 200 add-on acquisitions with no capital impairment on any realized investment. ONCAP II established the platform-building model at scale and built the track record that enabled subsequent larger fund raises, including ONCAP III (C$800M, 2011), ONCAP IV (US$1.1B, 2016), and ONCAP V (US$1.3B, 2025).

ONCAP IV LP is the fourth fund raised by ONCAP, Onex Corporation's dedicated lower mid-market private equity platform. The fund held a single closing on November 8, 2016, raising US$1.1 billion — approximately C$1.47 billion at the time — with Onex Corporation committing US$480 million as the largest limited partner. The fund was oversubscribed and raised in approximately two months, reflecting significant demand from both existing and new limited partners. ONCAP IV is approximately 40% larger than its predecessor ONCAP III (C$800 million, raised 2011). The fund targets equity investments of US$20 million to US$200 million in North American lower mid-market businesses across three core verticals: Consumer, Industrials, and Services, with emphasis on multi-location consumer services, automotive aftermarket, health and wellness, engineered products and materials, education, facility services, and tech-enabled services. The fund has made 13 platform investments and over 53 add-on acquisitions, with notable portfolio companies including Mavis Discount Tire, Ideal Dental Management Partners (invested July 2022), Merrithew (recreational fitness equipment), and Komar Industries. ONCAP IV's investment philosophy emphasizes partnering with management teams to drive revenue and EBITDA growth without relying on financial engineering or excessive leverage. At the time of the fund's close, the ONCAP platform had generated 43% gross IRR and 5.2x gross MOIC on realized and substantially realized investments across prior funds, underpinning strong LP confidence in the platform.

ONCAP V LP is the fifth and most recently closed fund raised by ONCAP, the dedicated lower mid-market private equity platform of Onex Corporation (TSX: ONEX). The fund held its final close on April 7, 2025, raising US$1.3 billion in total commitments including US$250 million from Onex Corporation as the largest limited partner. ONCAP V exceeded its predecessor ONCAP IV in both total commitments and third-party LP capital, with third-party investor commitments increasing by more than 50% versus ONCAP IV and welcoming many new investors to the platform. The fund held an initial close in December 2022 at approximately US$360 million. Latham & Watkins served as legal counsel for the fund formation. ONCAP V targets equity investments of US$20 million to US$250 million in North American lower mid-market businesses across three core verticals: Consumer, Industrials, and Services, with specific sector emphasis on multi-location consumer services, automotive aftermarket, health and wellness, engineered products and materials, education, facility services, and tech-enabled services. As of the final close announcement, the fund had completed six platform company acquisitions and two add-on acquisitions, with approximately 40% of capital deployed. The ONCAP platform manages US$3.5 billion in AUM across its fund family through 39 employees in Toronto and New York, with a 26-year track record of 38 platform investments and over 200 add-on acquisitions without a single capital impairment on any realized investment. In 2024 alone, ONCAP returned over US$530 million to LP investors across all funds, representing more than 20% of total ONCAP NAV at the time.

Oakley Capital Fund VI is the sixth flagship fund from pan-European private equity manager Oakley Capital. Launched in September 2024 and closed in March 2025, the fund raised €4.5 billion — reaching its hard cap in just six months — and marking a 58% increase over its predecessor, Fund V. This successful raise reflects strong investor demand and continued confidence in Oakley’s distinctive investment strategy. The fund focuses on acquiring founder-led, mid-market private companies across Europe. It aims to drive growth through buy-and-build strategies, operational transformation, and international expansion. With a larger pool of capital than prior funds, Fund VI offers enhanced flexibility — allowing Oakley to pursue a higher volume of transactions or commit more capital per deal. Oakley Capital Fund VI concentrates on four core sectors: Technology, Digital Consumer, Business Services, and Education. These verticals are chosen for their strong fundamentals, growth potential, and consolidation opportunities. Oakley leverages its expertise and network to support companies in scaling operations, improving margins, and executing M&A strategies. While its primary geographic focus is Europe, Oakley places particular emphasis on Iberia (Spain and Portugal), where it sees significant growth and deal origination opportunities. The fund typically targets companies with enterprise values ranging from €200 million up to €1 billion+, operating in fast-growing niches with recurring revenues and strong EBITDA margins. Oakley’s global LP base also positions it to support internationalization and cross-border expansion.

Oakley Capital Private Equity III is the third flagship fund in the Oakley Capital fund family, managed by Oakley Capital, a London-headquartered pan-European private equity firm founded in 2002 by Peter Dubens. The fund closed at €800 million in 2017, backed by institutional investors including pension funds, sovereign wealth funds, and family offices. Oakley Capital has established a distinctive track record of partnering with ambitious entrepreneurs to build category-leading businesses across Europe, with particular strength in the DACH region, the United Kingdom, and Southern Europe. Oakley Capital Private Equity III pursues control buyout and growth investments in medium-sized, high-growth companies primarily across Europe. The fund targets investments with enterprise values between €60 million and €300 million, deploying equity checks of €60 million to €150 million per transaction. The fund focuses on four core sectors where Oakley has deep operational expertise and a proprietary entrepreneur network: technology and software, consumer, education and edtech, and business services. Oakley's differentiated sourcing model, built on direct relationships with founder-owners, generates a pipeline of transactions that are often not widely marketed, reducing competition and improving entry valuations. Oakley Capital Private Equity III has delivered exceptional returns across its 12 portfolio investments. The fund's standout performers include TechInsights, which achieved an 18x money-on-money return upon realization in 2021, and WebPros, which delivered a 6.7x return in 2019—demonstrating Oakley's ability to identify high-quality founder-owned technology businesses at inflection points in their growth. The strong performance of Fund III contributed to the rapid scaling of the Oakley platform, with Fund IV, Fund V ($2.85B), and Fund VI (€4.5B hard cap) each raising progressively larger pools of capital from an expanding global investor base.