Manufacturing

Fifth buyout fund managed by American Industrial Partners (AIP), an operationally-oriented middle-market private equity firm focused on control investments in North American industrial businesses. The fund closed at $717.5 million in December 2011, exceeding its $500 million target and reaching its hard cap.

The AWP Diversity Fund II LP is a private equity fund introduced by Alternative Wealth Partners (AWP) with a target of $150 million. The fund will primarily invest in Energy, Manufacturing, Real Estate and Infrastructure projects, aimed at providing investors with diversification, favorable tax advantages, and attractive yields. The fund will invest directly into various businesses and properties within these sectors with potential to deliver cash flow and equity returns within 5-7 years. AWP believes in a diversified portfolio strategy and will prioritize investments in strong, resilient, domestically-rooted businesses and properties that have the potential to triple the initial investment. The fund also aims to leverage tax incentives projected to add 10-30% to the overall return of the portfolio. Managed by Kelly Ann Winget, CEO & Founder of AWP, the fund aims to acquire strong, resilient businesses and properties across diverse industries at a discount, due to market volatility and geopolitical unrest. AWP has identified multiple opportunities and entity structures to enhance the scalability of its current portfolio and plans to participate in both existing and new opportunities as they emerge. The 2024 project pipeline for the Fund includes investments in several US-based companies and infrastructure projects, such as a Texas-based kinetics company, an Arizona-based battery tech company, and a Nebraska-based equipment company, each with a projected 500% ROI. The fund is aimed at providing investors with exposure to the alternative investment space and is designed to meet the needs of diverse individuals, executive professionals, and entrepreneurs through non-correlated investment opportunities that have typically been gate-kept from individual investors.

Adams Street Private Equity Navigator Fund LLC is an evergreen, closed‑end interval fund registered under the Investment Company Act of 1940 in April 2025. Managed by Adams Street Advisors, LLC, it continues the investment program of its predecessor Cayman Islands fund, offering investors broad access to global private markets strategies. The Fund’s objective is to deliver long‑term capital appreciation via a diversified portfolio comprised of primary and secondary private equity fund interests, direct equity and debt investments in private companies (including growth equity, co‑investments, and private credit), along with liquid high‑quality assets to maintain operational flexibility and periodic liquidity. As an interval fund, it balances the illiquid nature of private markets with investor access through periodic repurchase offers, which provide limited liquidity alongside private market exposure. The structure includes multiple share classes—Class S, D, I, and M—each with different fee and expense structures. The Fund seeks exemptive relief to allow this multi‑class structure, early withdrawal charges, and asset‑based distribution/service fees, aligning with standard interval fund frameworks that support investor access and operational resilience.

Adenia Capital (IV) is a sub-Saharan Africa-focused private equity fund managed by Adenia Partners, one of the continent's most established mid-market private equity firms. Founded in 2002 and headquartered in Mauritius, Adenia Partners has built a two-decade track record of supporting the growth of medium-sized profitable companies across Africa through a blend of growth capital and buyout transactions. The fund closed in May 2017 at its hard cap of EUR 230 million, exceeding its initial EUR 200 million target and attracting strong interest from international development finance institutions, pension funds, funds of funds, family offices, and high-net-worth individuals. The European Investment Bank committed EUR 20 million to the vehicle. Adenia Capital (IV) targets equity investments in companies generating annual revenues between USD 5 million and USD 40 million, operating across consumer goods, business services, manufacturing, financial services, information and communications technology, telecommunications, hospitality, and healthcare sectors. As the fourth generation of Adenia's consecutive flagship fund series — following Adenia Capital I (2002), II (2006), and III (2012) — the fund reflects the firm's established strategy of acquiring majority and significant minority stakes to professionalize management, drive operational improvements, and unlock value in underserved African markets. Adenia Capital (IV) has been succeeded by Adenia Capital (V) LP, which closed oversubscribed at USD 470 million in April 2024, underscoring the firm's continued momentum in African private equity.

Adenia Capital (V) LP is a closed-end private equity fund managed by Adenia Partners Ltd, a pan-African investment firm with seven offices across the continent and a 20-year track record of mid-market private equity in Africa. The fund marks a significant milestone in Adenia's history as the firm's first fully pan-African vehicle, expanding beyond its historic focus on select sub-Saharan markets to invest across the entire African continent. Fundraising launched in early 2022 and reached a first close of USD 300 million in January 2023, exceeding 75% of the USD 400 million initial target. The fund closed on April 4, 2024 at its hard cap of USD 470 million, significantly oversubscribed. Adenia Capital (V) LP targets between 10 and 12 control investments in medium-sized companies with proven business models, with a median deal size of USD 30-50 million. The fund integrates ESG criteria and has been designated a 2X Flagship Fund for its commitment to gender equality, and commits to setting carbon reduction targets for all portfolio companies over their investment lifecycle. The fund attracted a diverse consortium of development finance institutions and institutional investors, including the European Investment Bank (EIB), FMO, Proparco, Norfund, FinDev Canada, the US International Development Finance Corporation (DFC), the South African Public Investment Corporation (PIC), and pension funds from Kenya and Ghana. Target sectors include financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution.

Adenia Capital (V) LP is a closed-end private equity fund managed by Adenia Partners Ltd, a pan-African investment firm with seven offices across the continent and a 20-year track record of mid-market private equity in Africa. The fund marks a significant milestone in Adenia's history as the firm's first fully pan-African vehicle, expanding beyond its historic focus on select sub-Saharan markets to invest across the entire African continent. Fundraising launched in early 2022 and reached a first close of USD 300 million in January 2023, exceeding 75% of the USD 400 million initial target. The fund closed on April 4, 2024 at its hard cap of USD 470 million, significantly oversubscribed. Adenia Capital (V) LP targets between 10 and 12 control investments in medium-sized companies with proven business models, with a median deal size of USD 30-50 million. The fund integrates ESG criteria and has been designated a 2X Flagship Fund for its commitment to gender equality, and commits to setting carbon reduction targets for all portfolio companies over their investment lifecycle. The fund attracted a diverse consortium of development finance institutions and institutional investors, including the European Investment Bank (EIB), FMO, Proparco, Norfund, FinDev Canada, the US International Development Finance Corporation (DFC), the South African Public Investment Corporation (PIC), and pension funds from Kenya and Ghana. Target sectors include financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution.

Allied Industrial Partners, a Houston-based private equity firm, has announced the final close of its inaugural fund, Allied Industrial Partners I-A and I-B LP, reaching its hard cap of $300 million and exceeding the initial $250 million target. This fundraise marks a major milestone for the firm, which now manages over $1 billion in assets since its founding in 2019. The fund attracted commitments from a broad base of institutional investors including pension funds, insurance companies, foundations, financial institutions, funds-of-funds, and family offices. Notably, more than 10% of the committed capital came from Allied’s senior team, signaling strong internal alignment with investor interests. Allied’s investment strategy focuses on building scalable and resilient industrial platforms through active operational involvement. The firm specializes in transformative growth strategies and is known for investing in defensible, high-growth industrial subsectors. Prior to this fund, Allied deployed over $200 million across five platform investments and anticipates that Fund I will be more than 70% deployed by the end of 2025. With a strong track record and focused strategy, Allied Industrial Partners aims to continue identifying and enhancing value in middle-market industrial businesses throughout the United States.

Fifth buyout fund managed by American Industrial Partners (AIP), an operationally-oriented middle-market private equity firm focused on control investments in North American industrial businesses. The fund closed at $717.5 million in December 2011, exceeding its $500 million target and reaching its hard cap, with support from both existing and new investors.

Amethis, the pan-African private equity firm co-founded by Luc Rigouzzo and Laurent Demey, completed the final close of its third flagship fund on 15 January 2026, raising EUR 406 million in line with its target. The fund is structured as a Luxembourg SICAV-RAIF (Amethis Fund III S.C.A., SICAV-RAIF), qualifies as an Article 9 fund under SFDR — the highest European sustainability classification — and is managed by Amethis Investment Fund Manager S.A. The platform's total assets under management exceed EUR 1.4 billion across all vehicles. The LP base includes prominent development finance institutions: the European Investment Bank (EIB), International Finance Corporation (IFC), Bpifrance, British International Investment (BII), and KfW DEG, alongside qualified private investors representing more than 40% of total commitments. Amethis Fund III is the third vintage of the firm's flagship pan-African strategy, building on the proven track record of prior funds. The vehicle targets approximately ten investments in African small and mid-sized companies, deploying equity tickets of EUR 25 to EUR 40 million per company across majority and minority stake structures. Target sectors include manufacturing and distribution (including agribusiness), business services and logistics, technology and digital services, healthcare, and infrastructure and energy-related services. Each investment must demonstrate a clear impact orientation, with fund compensation directly tied to ESG-linked carry objectives measuring improvements in employment quality, gender equality, environmental performance, and governance standards. Fund deployment was well advanced at the time of final close, with four investments already signed or closed and one additional transaction under exclusivity — a strong early deployment rate reflecting the quality of Amethis's deal pipeline and sector expertise built over fifteen years of investing across the African continent. The fund's Article 9 classification and ESG-linked carry mechanism represent the culmination of Amethis's long-standing commitment to responsible, long-term investment generating both financial returns and measurable positive impact for African businesses and communities.

Amethis, the pan-African and MENA-focused private equity firm, completed the final close of Amethis MENA Fund II S.C.A., SICAV-RAIF on 31 August 2022, raising EUR 120 million in line with its target. The fund is the second vehicle in Amethis's MENA franchise and the firm's fifth fund in total, structured as a Luxembourg reserved alternative investment fund and classified as an Article 9 vehicle under SFDR. The LP base reflects Amethis's deep relationships with development finance institutions and impact-oriented investors: the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), Proparco/FISEA, the International Finance Corporation (IFC), Bpifrance, and British International Investment (BII), alongside qualified private investors representing more than 40% of total commitments. The fund focuses on fast-growing small-to-medium-sized enterprises in Morocco, Egypt, Tunisia, and Jordan, taking both majority and minority equity stakes with ticket sizes ranging from EUR 5 million to EUR 15 million per company. Amethis's investment thesis in the MENA region emphasises businesses benefiting from demographic tailwinds and the structural formalisation of SME sectors across North Africa and the Levant. Target sectors include manufacturing and agribusiness distribution, business services and technology, and financial services. The fund embeds a commitment to the 2X Challenge criteria for women's economic empowerment directly into investment selection and portfolio monitoring, making gender equality a core performance metric alongside financial returns. Early portfolio investments include Magriser, a leading micro-irrigation distribution company, and Tarjama, a language technology services platform — illustrating the fund's dual focus on economic inclusion and operational value creation in MENA's underserved SME segment. The fund's Article 9 classification and DFI-anchored LP base reflect Amethis's position as one of the most credible and experienced impact-oriented private equity managers in the Africa and MENA region, with total AUM approaching USD 1 billion across the full platform.

AH American Dynamism Fund I is a $600 million venture capital fund managed by Andreessen Horowitz (a16z), one of Silicon Valley's most prominent technology investment firms. Raised in 2023, the fund was built around a16z's American Dynamism investment practice — a dedicated initiative supporting founders and companies that serve the U.S. national interest, focusing on sectors including aerospace and defense, manufacturing, robotics, supply chain resilience, public safety, education, and housing. The fund reflects a strategic conviction by Andreessen Horowitz that the most consequential and defensible technology companies of the coming decade will be those building for government agencies, defense departments, and critical national infrastructure. Led by managing partners Katherine Boyle, David Ulevitch, and Erin Price-Wright, the fund applies the full resources of the a16z platform to portfolio companies — encompassing policy navigation, government-affairs capabilities, regulatory expertise, talent networks, and deep sector knowledge. The portfolio spans a range of stages from early venture to growth, reflecting the multi-stage mandate that characterizes a16z's fund strategies. AH American Dynamism Fund I had deployed capital into 42 investments as of 2025, with notable portfolio companies including Hadrian, a defense manufacturing startup focused on precision components for the aerospace sector, and Castelion, a hypersonic long-range rocket developer. In 2024, a16z raised a second American Dynamism fund at $1.18 billion, signaling continued momentum in the defense and industrial technology sectors.

Ansor, a UK-based private equity firm, has successfully closed its second fund, Ansor Fund II, at the hard cap of £250 million, nearly doubling the size of its inaugural fund raised in 2019. The fund was significantly oversubscribed, attracting a carefully curated group of high-quality limited partners, including leading US-based endowments and blue-chip European investors. Ansor Fund II will continue the firm’s strategy of building high-quality assets through rapid “ground-up” buy-and-build consolidation within fast-growing yet fragmented subsectors. The firm targets resilient, EBITDA-positive businesses that can undergo multiple value inflections through its precision-engineered value creation approach. Led by founding partners Edward Ainsworth, Peter Marson, and Peter Strafford, Ansor leverages over 20 years of experience creating businesses from scratch within the UK SME ecosystem. Since transitioning to a private equity model in 2019, the firm has refined its systematic investment approach and expanded its team and tech infrastructure.

The Apollo S3 Equity & Hybrid Solutions Fund I (ASEHS) is a buyout fund managed by Apollo Global Management, headquartered in New York, NY. The fund is part of Apollo's Sponsor and Secondary Solutions (S3) platform, which provides flexible capital solutions across the yield, hybrid, and equity spectrum to asset managers and limited partners. ASEHS focuses on acquiring secondary interests in private equity funds and providing liquidity solutions to general partners and limited partners. The fund aims to capitalize on the growing demand for liquidity in the private markets by offering innovative financing options, including net asset value (NAV) loans and structured equity solutions.​ With a fund size of $5.4 billion, ASEHS seeks to deliver attractive risk-adjusted returns by investing in a diversified portfolio of secondary transactions. The fund leverages Apollo's extensive network and expertise in private equity, credit, and real assets to identify and execute complex deals. By providing tailored liquidity solutions, ASEHS supports the evolving needs of private market participants and contributes to the overall efficiency and resilience of the alternative investment ecosystem.​ ASEHS targets a broad range of sectors through its investments in secondary interests of private equity funds. These sectors include, but are not limited to:​ - Technology - Healthcare - Consumer Goods - Industrial Manufacturing - Financial Services​ The fund's diversified approach allows it to capitalize on opportunities across various industries, depending on the underlying assets of the secondary interests acquired. ASEHS primarily focuses on investments in North America and Europe, reflecting the regions where Apollo has a strong presence and deep market knowledge. The fund may also consider opportunities in other developed markets, depending on the attractiveness of the secondary transactions and the quality of the underlying assets.​

Ara Infrastructure Fund I is an infrastructure fund managed by Ara Partners and located in Houston, Texas. Ara Partners plans to acquire majority interests in 8 to 10 companies generating cash flow but not to its full potential. As of March 2024, it has acquired majority stakes in two companies developing biofuels rail terminals: Lincoln Terminal Holdings in Greenville, South Carolina; and USD Clean Fuels in Houston. In May 2025, the fund reached final close with US$800 million.

Argonaut Private Equity Fund IV (APE IV) is a $400 million buyout fund managed by Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm with a proven track record of disciplined investment in the historically underserved middle market of Middle America. Launched in 2018 and achieving its hard-cap final close of $400 million in August 2019, APE IV attracted a diversified institutional investor base comprising pension funds, endowments, financial institutions, and family offices from both the United States and internationally. The fund was already deploying capital at closing, with over $120 million committed across four portfolio companies at the time of announcement. APE IV pursues disciplined buyout investments in lower-to-mid-market companies across the industrials, manufacturing, and energy services and products sectors in Middle America. The fund applies a growth-focused approach to value creation, combining operational expertise with targeted strategic initiatives to build long-term enterprise value in companies operating in regions historically overlooked by larger private equity firms headquartered in major financial centers. Argonaut Private Equity centers its investment philosophy on identifying unique opportunities in the central United States, leveraging deep local knowledge and longstanding relationships to source proprietary transactions and work collaboratively with management teams to drive sustainable growth. APE IV represents the fourth iteration of the Argonaut Private Equity fund series, building on the performance track record established by its predecessor vehicles. The fund was subsequently succeeded by Argonaut Private Equity Fund V, which closed at $500 million in December 2023, validating the firm continued institutional momentum and the market sustained demand for specialized private equity exposure in Middle America. The fund-over-fund capital growth from APE IV to APE V reflects Argonaut disciplined, regional-specialist approach and the institutional confidence the firm commands across its diversified LP base.

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.

Blackstone Capital Partners Asia III is the third edition of Blackstone’s Asia-focused buyout strategy, targeting control and significant minority investments across high-growth sectors in the Asia-Pacific region. The fund launched fundraising in September 2024 and quickly attracted strong global institutional interest, building on Blackstone’s proven track record in the region. As of October 2025, the fund has reached its $10 billion target and is on track to close at its $12.9 billion hard cap by Q1 2026. Approximately 90% of existing LPs from prior Asia funds have recommitted, increasing their allocations by an average of 30%. The strong backing reflects confidence in Blackstone’s historical performance, particularly the 41% net return and 80% capital returned from Fund II. Geographically, India and Japan remain core to the strategy. In previous Asia funds, India accounted for 31% of capital deployed, followed by 22% in Japan and 9% in Australia. Fund III will pursue broader regional diversification, adapting to evolving market dynamics and tapping into emerging opportunities across the wider Asia-Pacific landscape. Despite macro headwinds such as high interest rates and a muted exit environment, Blackstone and other top-tier global firms continue to raise mega-funds by leveraging strong brands, deep operational teams, and global scale. Asia-Pacific’s long-term secular growth, demographic trends, and economic transformation continue to make it a compelling region for private equity deployment.

BluePeak Private Capital Fund II (BPCF II) is a pan-African private credit fund launched by BluePeak Private Capital, an alternative asset management firm established in 2019. The fund aims to raise $250 million to provide flexible credit solutions to underserved mid-sized businesses across Africa, addressing the persistent financing gap that hinders their growth. BPCF II focuses on delivering impact-driven investments while offering investors superior risk-adjusted returns. The fund targets strategic sectors such as manufacturing, pharmaceuticals, logistics, and financial services—industries pivotal to deepening local value chains and fostering industrial clusters. With a strong emphasis on gender inclusion, BPCF II is 2X Challenge qualified, promoting women's economic empowerment as a core objective. The fund integrates sustainability considerations throughout its investment process, prioritizing resilience, inclusive growth, and long-term value creation. In its first close, BPCF II secured $80 million in commitments from leading European Development Finance Institutions (DFIs), including British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM). These commitments underscore the DFIs' confidence in BluePeak's strategy to combine performance with impact, mobilizing capital to Africa's underserved mid-market segment.

Bravo Capital Partners II is a closed‑end private equity fund dedicated to acquiring majority stakes in Italian business‑to‑business companies exhibiting strong growth potential, primarily within the “Made in Italy” industrial and service landscape. The fund is sponsored by Bravo Capital Management and advised by Bravo Invest, leveraging their deep knowledge of Italian lower‑mid‑market dynamics and consolidation opportunities. With a target size around €110 million and a first closing at approximately €90 million in early 2022, the fund attracted commitments from institutional investors, family offices and high‑net‑worth individuals, anchored by Luxempart and co‑investors such as the European Investment Fund. The fundraising marks a continuation of a proven strategic approach from its predecessor vehicle, Bravo Capital Partners I. The investment strategy is squarely focused on Italian SMEs operating in business‑to‑business sectors that offer visible platforms for growth and aggregation: companies with a strong niche, potential for add‑on acquisitions, and a business model rooted in supply‑chain excellence or specialised manufacturing or services. The fund intends to partner with management teams and founders to support growth, operational enhancement, and strategic consolidation over the investment horizon. Bravo Capital Partners II views the Italian domestic market as fertile ground for value creation in the lower‑mid‑market segment where regional strengths, craftsmanship, and niche specialisation combine with consolidation opportunities. By targeting majority stakes and executing bolt‑on strategies, the fund aims to build larger, more scalable entities while preserving the entrepreneurial legacy of the companies it invests in and leveraging Italy’s global production networks.

CVC Strategic Opportunities II is a €4.6 billion private equity fund launched in 2019 by CVC Capital Partners. It is the second fund in CVC’s long-dated investment strategy, focusing on patient capital for high-quality businesses. The fund emphasizes long-term partnerships with companies operating in low-volatility sectors and demonstrating strong cash flow generation. The strategy targets control, co-control, or significant minority stakes in companies offering essential products or services. These businesses typically have stable capital structures and consistent earnings. CVC works with portfolio companies to enhance value through operational improvements and strategic growth initiatives. The fund primarily focuses on Western Europe and North America, investing across sectors such as commercial services, pharmaceuticals, biotechnology, and manufacturing. Target companies generally have enterprise values between €1 billion and €5 billion, allowing CVC to support a broad range of sizable, stable businesses.

The CapitalSpring Investment Partners VII fund reflects the firm’s deep specialization in the multi‑unit consumer and service sectors, bridging flexible debt and equity solutions under one platform. Led by CapitalSpring, the fund seeks to partner with leading management teams in businesses with scale‑opportunity in branded restaurants, fitness/wellness chains, car‑washes, automotive aftermarket, and other multi‑location service operations. With a target raise of approximately US $1 billion, the fund is sized to support both organic growth and strategic add‑on acquisitions. The investment strategy emphasises structuring solutions ranging from senior debt to subordinated mezzanine, preferred equity and minority or control equity positions. This flexibility allows the fund to engage in buyouts, recapitalisations, growth capital, and complex transition scenarios, especially in the multi‑unit ecosystem. According to the firm’s “Investment Profile”, CapitalSpring targets companies across a broad range of growth stages—from emerging business models to large international franchise platforms. Geographically, the fund focuses on the United States, seeking to leverage the manager’s strong network and operational resources in the U.S. market. The underlying portfolio companies typically operate in franchises or multi‑unit models where operational scale, brand recognition, and replicability drive value. Although the fund may scout adjacent geographies, the primary investment geography remains the U.S. market. In terms of target company size and financial policy, the fund is structured to back investments typically in the range of US $10 million to US $150 million or more per company. The firm emphasises “multi‑location businesses in other consumer‑facing industries” and service providers tied to the restaurant/retail end‑markets. While specific metrics around revenues, EBITDA or valuations for each deal are not publicly disclosed in full detail, the typical investment size indicates mid‑market companies with established operations, growth potential, and margin characteristics consistent with branded service or retail platforms.

Compass Group Fund III has closed at a hard cap of $408 million, representing the firm’s second fundraising effort in the past two years. The fund focuses on thematic research and investment in the lower middle market, specifically targeting subsectors within niche manufacturing & distribution and business & consumer services industries. The geographical focus of the fund is the Mid-America “Between the Mountain Ranges,” with a strategic emphasis on the Midwestern region. The fund seeks to invest in historically successful entrepreneur and family-owned companies that exhibit characteristics such as EBITDA between $2 million and $15 million, enterprise values of $20 million to $200 million, and strong margin and cash flow generation. Compass Group aims to provide long-term capital and strategic support to small-to-medium sized private companies with revenues between $20-$100 million, typically investing $10-$30 million in control positions. The firm prioritizes partnering with businesses that have reached an inflection point for growth and are seeking continued participation and partnership, especially those without prior institutional capital. Additionally, Compass Group looks for niche markets with $100M+ potential that are highly fragmented with no clear leader or category disruption, further demonstrating the fund’s strategic focus on specific sectors and types of businesses.

Eurazeo PME IV is a €1.1 billion private equity buyout fund managed by Eurazeo, focusing on small to mid-sized French companies. Launched in 2022, it surpassed its predecessor by 50%, reflecting strong investor confidence in Eurazeo’s strategy. The fund targets enterprises valued between €50 million and €500 million, with investments ranging from €20 million to €100 million. The fund's strategy centers on supporting leading French SMEs in their international growth and transformation. By providing capital and strategic guidance, Eurazeo PME IV aims to help these companies expand their global footprint and enhance operational capabilities. The fund leverages Eurazeo’s extensive network and expertise to drive value creation. Eurazeo PME IV has attracted a diverse group of investors, including institutional investors, sovereign funds, insurance companies, and family offices from France, Europe, and Asia. This broad investor base underscores the fund's strong market appeal and Eurazeo's reputation in the private equity landscape.

Founders Fund Growth III is the third growth-stage venture fund from Founders Fund, a San Francisco-based firm co-founded by Peter Thiel. The fund closed at $4.6 billion in April 2025, surpassing its initial $3 billion target, with participation from 270 limited partners. This fund focuses on late-stage investments in sectors such as artificial intelligence, defense technology, and advanced manufacturing. Founders Fund aims to support companies that are developing transformative technologies with significant long-term impact. With a history of backing companies like SpaceX, Stripe, and Anduril, Founders Fund Growth III continues the firm's strategy of investing in high-growth startups poised to become industry leaders.

INVL Baltic Sea Growth Fund, managed by INVL Asset Management, is a closed-end private equity fund launched in June 2018 with committed capital of €164.7 million. The fund invests in late-stage growth SMEs and small to mid-cap companies, acquiring either controlling or significant minority stakes. Typical equity investments range from €5 million to €25 million, with capacity for larger deals via co-investments. Target companies are generally valued between €10 million and €100 million. The fund focuses on businesses with strong potential to become industry leaders in their respective sectors. Core geographies include the Baltic States and Poland, while investment scope extends across the broader European Union. INVL Baltic Sea Growth Fund specializes in complex transactions, providing customized capital solutions for companies undergoing structural, strategic, or ownership transitions. It supports growth through a combination of organic expansion, acquisitions, and active value creation initiatives. Taking an active ownership approach, the fund works closely with management teams to align long-term goals and drive transformation. It typically invests by acquiring stakes from existing shareholders and providing growth capital. With an ESG-integrated investment model and a hands-on strategy, INVL Baltic Sea Growth Fund helps its portfolio companies scale operations, increase efficiency, and execute cross-border expansion strategies.

The Manulife Capital Partners VII (MCP VII) private credit fund has closed at $752m and will focus on 20-30 portfolio companies with over $20m in EBITDA. The fund will target sectors including business services, industrial manufacturing, aerospace and defence, as well as building products. MCP VII aims to provide high yield with equity upside through investment of junior credit capital in US middle market companies. It is backed by a global investor base of institutional and private capital investors, including a capital commitment from Manulife. The fund's investment approach includes a target mix of subordinated and second-lien debt and structured and common equity, allowing for meaningful participation in growth balanced by the potential for double-digit yield. The veteran team has deployed more than US$3.3 billion into 126 companies as a result of their experience and ability to bring flexible capital to a selective portfolio of companies that meet their investment criteria. The fund is managed by Josh Liebow and Matt Szwarc, who serve as Portfolio Managers.

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 Nexxus Private Equity Fund II (Nexxus II) will focus on supporting and accelerating the internationalization of Spanish and Portuguese SMEs within European and American markets. The fund closed in April 2024 at €241 million (around US$261 million). COFIDES is an LP in the fund. The fund will make between eight and ten investments and has a strategy that spans across a range of sectors such as manufacturing, pharmaceuticals, and retail. The fund will invest in Spanish and Portuguese companies and has a particular focus on the midmarket in these regions. The fund manager, Nexxus Iberia, has a track record of completing 32 investments and fully divesting 22 portfolio companies in the Spanish and Portuguese midmarket.

North Haven Capital Partners VIII (NHCP VIII), managed by Morgan Stanley Capital Partners, is a North American control buyout fund targeting lower middle‑market companies with strong EBITDA or free cash flow profiles. With its final close dated June 23, 2025, the fund amassed approximately US $3.2 billion in commitments, positioning it as a significant vehicle for growth‑oriented investments. The fund focuses on leadership‑driven businesses poised for strategic transformation across information technology, business services, healthcare, industrials, manufacturing, distribution, and logistics sectors. NHCP VIII pursues control stakes in founder‑owned or owner‑operated firms, often executing transactions such as recaps, spin‑outs, or succession‑related transitions. A key criterion is companies with at least US $1 million in EBITDA or free cash flow, underscoring the fund’s emphasis on operational strength. Leveraging the deep operational and sector expertise of Morgan Stanley’s private equity team, NHCP VIII aims to partner closely with management teams to enhance performance and scale businesses. Investments are concentrated in North America, with vehicle domiciles in Delaware and Luxembourg, providing flexibility and access to both domestic and international limited partners.

Pacific Avenue Fund II is a buyout fund managed by Pacific Avenue Capital Partners, focused on complex corporate carve-outs and operationally intensive situations in the middle market. The fund leverages Pacific Avenue’s experience in building standalone businesses from non-core divisions of large corporations. The fund closed with over $1.65 billion in commitments, raised in a single fundraising cycle completed in under four months. This swift and oversubscribed raise reflects strong investor confidence in the firm’s track record and its differentiated strategy during a time when capital raising has been generally more challenging across private equity. Fund II includes a dedicated European sidecar of over €100 million to pursue cross-border carve-outs and platform investments. This reflects the firm’s growing international footprint, with operations and deal sourcing capabilities in both Los Angeles and Paris. Backers of the fund include a diverse set of institutional investors such as public pensions, consultants, endowments, insurance companies, funds of funds, and family offices. The fund was advised by Lazard (placement agent) and Weil, Gotshal & Manges LLP (legal counsel). With Fund II and its sidecar, Pacific Avenue now manages approximately $3.8 billion in total assets.

Peninsula Fund VIII is a closed-end mezzanine fund managed by Peninsula Capital Partners, launched in 2023. It operates as a limited partnership domiciled in Delaware, with its headquarters in Southfield, Michigan. The fund specializes in structured finance, particularly subordinated and mezzanine debt, focusing on lower middle-market companies in North America. It typically supports leveraged recapitalizations, management buyouts, and sponsor-backed acquisitions, offering flexible capital solutions. Peninsula Fund VIII was registered through a Form D filing on September 7, 2023, with a total offering amount of up to $450 million. It is managed by Peninsula Fund VIII Management LLC, a Michigan-based entity formed in August 2023, also headquartered in Southfield. The fund is part of the Peninsula Capital Partners family, a firm founded in 1995 and headquartered in Michigan. Peninsula has a long-standing track record in mezzanine financing and structured equity for U.S.-based companies. Notably, the New York State Teachers’ Retirement System committed $100 million to this fund in 2023.

Platinum Equity Small Cap Fund II, L.P. is the second fund in Platinum Equity’s dedicated lower middle market strategy. Legally domiciled in Delaware and managed from the firm’s Beverly Hills headquarters, the fund was launched to target smaller buyout opportunities that fall outside the scope of the firm’s flagship mega-fund strategy. The fund closed in September 2025 with total capital commitments of $2.28 billion, significantly exceeding its original $1.75 billion target. This robust fundraising effort reflects strong LP confidence in Platinum’s approach to operationally intensive investing in the lower mid-market segment. Small Cap Fund II focuses exclusively on North American and European companies with less than $450 million in annual revenue and under $45 million in EBITDA. The investment strategy includes founder- or family-owned businesses, corporate carve-outs, and take-private transactions, especially where Platinum’s hands-on operational model can accelerate value creation. The fund complements Platinum Equity Capital Partners VI, the firm’s $12.4 billion flagship buyout vehicle, by targeting a distinct deal size bracket. Its dedicated team of more than 40 investment and operations professionals specializes in identifying and managing these smaller, often more complex transactions across key sectors.

Bosch Ventures, the corporate venture capital arm of the Bosch Group, has announced the launch of its sixth fund, Robert Bosch Venture Capital Fund VI, with a commitment of €250 million (approximately $270 million USD). This fund aims to invest in early-stage and scale-up deep-tech startups worldwide, emphasizing sectors such as artificial intelligence (AI), energy efficiency, automation, climate technology, and quantum computing. The fund's objective is to support companies developing disruptive technologies that align with Bosch's mission to deliver innovation driving sustainable growth and long-term value. Since its establishment in 2007, Bosch Ventures has built a global presence with offices in key technology hubs, including Germany (Stuttgart, Frankfurt), the United States (Boston, Sunnyvale), Israel (Tel Aviv), and China (Shanghai). This global footprint enables the firm to identify and support startups with the potential to transform industries. To date, Bosch Ventures has made over 100 investments in key deep-tech areas, including AI, automation, energy efficiency, semiconductors, and mobility. Beyond capital, Bosch Ventures offers startups access to Bosch's business units through the Open Bosch program, supporting product development and market entry. This initiative fosters co-innovation by connecting startups directly with Bosch’s operating units, offering a unique platform for commercialization and scale. The fund's launch reinforces Bosch's commitment to innovation, even amidst economic uncertainties, by promoting technological progress in business and society.

Stellex Capital Partners III is the third flagship private equity fund from Stellex Capital Management, aiming to raise $2.5 billion with a hard cap of $3 billion. The fund focuses on control-oriented investments in underperforming or undermanaged middle-market companies in North America and Europe. Stellex seeks to revitalize these businesses through operational improvements and strategic repositioning. The fund targets companies with enterprise values between $100 million and $500 million, investing equity checks ranging from $75 million to $150 million. Stellex plans to build a diversified portfolio of 17 to 23 companies, aiming for net returns exceeding a 2.0x multiple on invested capital and a 20% internal rate of return. The investment strategy includes corporate carve-outs, debt-for-control transactions, and buy-and-build approaches. Stellex Capital Management, founded in 2014 by former Carlyle Group executives Ray Whiteman and Michael Stewart, brings extensive experience in distressed and special situations investing. With offices in New York, London, Detroit, and Pittsburgh, the firm leverages its deep industry expertise and operational focus to drive value creation in its portfolio companies.

TLG Africa Growth Impact Fund II (AGIF II) is a $200 million private credit fund managed by TLG Capital, established to address the financing gap faced by African SMEs. With a strategic focus on supporting businesses that are financially viable but currently under strain, the fund aims to unlock their growth potential through tailored credit solutions and advisory support. The fund reached its first close at $75 million, backed by a consortium of international development finance institutions. Anchor commitments came from the International Finance Corporation (IFC), alongside Swedfund, Norfund, Bpifrance, and the UK’s Foreign, Commonwealth & Development Office (FCDO), through its Manufacturing Africa program. This collective backing reflects confidence in the fund’s approach and impact-oriented strategy. AGIF II works closely with local financial institutions to co-finance SMEs, often leveraging guarantees from local banks to reduce investment risk. This collaboration ensures capital reaches underserved yet promising companies, enabling them to restructure debt, expand operations, and maintain employment during challenging macroeconomic conditions. In addition to financial support, AGIF II offers value-added strategic and operational advisory services. The fund partners with leading advisory firms such as McKinsey, BDO, ESS, and Ndarama Works to help portfolio companies transform their business models and strengthen resilience. This dual approach of capital and capacity-building is central to AGIF II’s impact thesis. The fund prioritizes inclusive and sustainable development by focusing on investments in the UN’s least developed countries, promoting gender equity, local ownership, and industrialization. AGIF II embodies a strong belief in achieving competitive financial returns while delivering meaningful development outcomes.