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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.

Asterion Fund III is a European infrastructure fund managed by Asterion Industrial Partners, the Madrid-headquartered specialist infrastructure investment manager founded in 2018. This vehicle is part of Asterion's third generation of flagship infrastructure funds, which completed fundraising at a total of €3.4 billion in September 2025—beating the €3.2 billion target in under 18 months of active fundraising. Asterion Industrial Partners manages over €6 billion in assets under management, having built one of the strongest track records in European mid-market infrastructure across three fund generations. The fund pursues mid-market infrastructure equity investments across Western Europe, targeting the sectors that form the backbone of the modern European economy: telecommunications, digital infrastructure, energy and utilities, and mobility. Core geographies include Spain, the United Kingdom, France, Germany, Italy, Portugal, and Ireland. Asterion's investment philosophy emphasizes "industrial value creation"—an approach that combines financial analysis with deep operational expertise to actively improve portfolio companies' revenues, operating margins, and strategic positioning throughout the investment horizon. The fund qualifies as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation, embedding environmental and social considerations into every investment decision. Asterion Industrial Partners has demonstrated exceptional fundraising momentum, driven by its differentiated mid-market strategy and the strong performance of predecessor funds. Asterion Industrial Infra Fund I (2019, €1.1 billion) delivered a 18.9% net IRR through mid-2024—well above its 10–13% target—and Fund II (€1.8 billion, 2022) continued this trajectory. The investor base for Fund III is globally diversified, with approximately equal thirds from North America, Europe, and the Middle East and Asia, reflecting broad institutional recognition of Asterion as a premier European infrastructure manager.

Asterion Industrial Infra Fund I is the debut infrastructure fund of Asterion Industrial Partners, the Madrid-based specialist infrastructure investment manager founded in 2018. The fund reached a hard-cap final close of approximately €1.1 billion in January 2020, becoming the largest private capital fund ever registered in Spain at the time. It first closed in March 2019 on commitments above €500 million and subsequently raised its hard cap as investor demand exceeded initial expectations, delivering a landmark fundraise in the European mid-market infrastructure segment. The fund targets infrastructure equity investments across Europe, with a focus on four core sectors: telecommunications and digital infrastructure, energy and utilities, mobility, and cleantech. Investment geographies encompass Spain and other key Western European markets. Asterion applies its proprietary "industrial value creation" methodology—acquiring operating infrastructure businesses with essential-service characteristics and working closely with management teams to drive operational improvement, organic growth, strategic repositioning, and digital transformation. The fund was a pioneering Article 8-aligned vehicle, establishing the firm's early commitment to integrating environmental and social factors into infrastructure investment management. By mid-2024, Asterion Industrial Infra Fund I had delivered a net IRR of 18.9% against a target of 10–13%, establishing Asterion Industrial Partners as one of Europe's highest-performing mid-market infrastructure managers and demonstrating the resilience of its industrial value creation strategy across multiple economic cycles. The fund's success underpinned the rapid fundraising of both Fund II (€1.8 billion, 2022 final close) and Fund III (€3.4 billion, September 2025 final close), reflecting the institutional confidence built through consistent above-target performance since the firm's founding.

Asterion Industrial Infra Fund II FCR is the second flagship infrastructure fund of Asterion Industrial Partners, a Madrid-based pan-European mid-market infrastructure manager with offices in London and Paris. The fund is registered with the Spanish CNMV as a Fondo de Capital Riesgo (FCR), NIF V42807735, and represents a major scale-up from Fund I, raising €1.8 billion at final close in February 2022—exceeding its original €1.35 billion target and ultimately raised hard cap—in less than one year from its May 2021 first close of €925 million. The fund targets mid-market infrastructure assets across Western Europe with a focus on four core sectors: telecommunications and digital infrastructure, energy and utilities, transport and mobility, and social infrastructure. Fund II builds on the investment philosophy and operational expertise established in Fund I (€1.1 billion vintage 2018, final close January 2020), deploying capital in essential service assets characterized by regulated or contracted revenue streams, long asset lives, and significant barriers to entry. Target markets span Spain, France, United Kingdom, Portugal, and Italy. Fund II attracted 44 institutional investors globally—including pension funds, sovereign wealth funds, insurance companies, and asset managers across Europe, North America, the Middle East, and Asia—with a high re-up rate from Fund I investors reflecting strong interim portfolio performance and confidence in Asterion's management team. The successful Fund II campaign subsequently enabled the firm to launch Fund III (€3.4 billion, July 2024 final close), which attracted 68 investors and expanded Asterion's global LP franchise significantly.

Asterion Industrial Infra Fund III is the third flagship infrastructure fund of Asterion Industrial Partners, a leading pan-European mid-market infrastructure manager headquartered in Madrid with offices in London and Paris. Founded in 2018, Asterion has established itself as one of Spain's largest infrastructure fund managers and a major force in Southern and Western European infrastructure investing. Fund III closed on €3.4 billion in July 2024—against an original target of €3.0 billion—making it one of the largest European infrastructure fund closes of that year and nearly doubling Fund II's size. The fund pursues a mid-market infrastructure strategy across Western Europe, with a focus on four core subsectors: energy and energy transition, telecommunications and digital infrastructure, transport and mobility, and utilities. Within each sector, Asterion targets essential service assets with regulated or contracted cash flows, strong ESG profiles, and meaningful operational value-creation potential. The fund's average equity ticket size is approximately €250 million, with co-investment opportunities offered to LPs for larger transactions. At final close, approximately 40% of committed capital had already been deployed across a growing portfolio of infrastructure assets across target markets. Fund III attracted 68 institutional investors globally, including public pension funds (New York City Employees' Retirement System with $100 million, Teachers' Retirement System of Louisiana with $50 million, Fondazione Enpam of Italy with €100 million), sovereign wealth funds, insurance companies, and asset managers across Europe, North America, the Middle East, and Asia. The fund targets a net IRR of 10–13%, building on Fund I's realized 18.9% net IRR track record. Fund III is structured as a Fondo de Capital Riesgo (FCR) under Spanish law, supervised by the CNMV.

Asterion Industrial Infra Fund III FCR is the Spanish-registered vehicle—organized as a Fondo de Capital Riesgo (FCR) and supervised by the Comisión Nacional del Mercado de Valores (CNMV)—of Asterion Industrial Partners' third flagship infrastructure fund. Founded in 2018 and headquartered in Madrid, Asterion Industrial Partners is Spain's leading mid-market infrastructure investment manager, with over €6 billion in total assets under management across its three fund generations. The broader Asterion Industrial Infra Fund III portfolio completed its fundraising at €3.4 billion in September 2025, surpassing its €3.2 billion target, and was raised in under 18 months—well ahead of the industry average of more than two years. The fund targets mid-market infrastructure investments in Western Europe with a focus on four core sectors: telecommunications, digital infrastructure, energy and utilities, and mobility. Primary geographies are Spain, the United Kingdom, France, Italy, Portugal, Germany, and Ireland. Asterion applies a proprietary industrial value creation methodology—acquiring operating infrastructure businesses with defensible market positions and working closely with management teams to drive operational improvements, strategic growth, and digital transformation. The fund carries an Article 8 designation under the EU Sustainable Finance Disclosure Regulation, reflecting the integration of environmental and social factors into every stage of the investment process. The investor base for Asterion Industrial Infra Fund III is evenly distributed across North America (~35–38%), Europe (~35–38%), and the Middle East and Asia (~25–30%). The predecessor Asterion Industrial Infra Fund I (€1.1 billion, January 2020 final close) delivered an 18.9% net IRR through mid-2024 against a 10–13% target, while Fund II (€1.8 billion, 2022 final close) continued this performance trajectory, establishing Asterion Industrial Partners as one of Europe's highest-performing mid-market infrastructure managers.

Asterion Infrastructure Fund III is a European mid-market infrastructure fund managed by Asterion Industrial Partners, the Madrid-based investment firm founded in 2018 that has grown to become Spain's leading infrastructure private equity manager. This vehicle forms part of the third-generation flagship infrastructure fund family of Asterion Industrial Partners, which completed fundraising at €3.4 billion in September 2025, surpassing its €3.2 billion target. With over €6 billion in total assets under management across three fund generations, Asterion has established itself as a benchmark European mid-market infrastructure investor. The fund pursues equity investments in mid-market infrastructure businesses across Western Europe, with a focus on telecommunications, digital infrastructure, energy and utilities, and mobility sectors. Geographically, the fund concentrates on Spain, the United Kingdom, France, Germany, Italy, Portugal, and Ireland. Asterion's investment approach combines financial discipline with a hands-on operational value creation methodology—working intensively with management teams to improve operating performance, accelerate strategic growth, and advance portfolio companies' environmental and social positioning. The fund qualifies as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation. Asterion Industrial Partners' track record underpins this fund's strong institutional backing. The firm's debut fund, Asterion Industrial Infra Fund I (2019 vintage, €1.1 billion, January 2020 final close), delivered an 18.9% net IRR through mid-2024 against a 10–13% target—one of the strongest results in European mid-market infrastructure. Fund II (€1.8 billion, 2022 final close) continued this trajectory. Fund III's rapid fundraising—completed in under 18 months—reflects institutional confidence from a globally diversified investor base spanning North America, Europe, and the Middle East and Asia, with roughly equal allocations from each region.

The latest vehicle from BC Partners, Fund XII, marks the firm’s 12th flagship buy‑out fund and is structured to capitalise on its proven track record in upper mid‑market investments across Europe and North America. With a target of roughly €5‑6 billion in commitments, the fund seeks to leverage BC Partners’ deep operational platform, sector expertise and global sourcing capabilities to back companies with strong growth potential and resilient business models. The investment strategy emphasises “defensive growth” – targeting market‑leading companies in sectors such as TMT, Services & Industrials, Healthcare and Food that exhibit predictable cash flows, margin resilience and multiple avenues for value creation. The fund team will partner with proven management teams and seek to drive organic expansion, internationalisation, M&A‑led growth and operational improvement. Geographically, Fund XII will focus primarily on Europe and North America, drawing on BC Partners’ well‑established trans‑Atlantic platform and track record of investing across these regions. The firm believes that the upper mid‑market segment offers a compelling combination of deal flow quality, exit optionality and relative insulation from large‑cap competition. While the fund is still in fundraising, BC Partners is positioning Fund XII to exploit a market environment in which exit activity is picking up, valuations are re‑adjusting and disciplined buy‑out vehicles can deliver attractive returns. The firm emphasises operational value creation and seeks to partner with businesses that can benefit from BC Partners’ global resources, local networks and sector expertise. In doing so, Fund XII aims to deliver long‑term, risk‑adjusted returns for its limited partners.

Carlyle Asia Partners I (CAP I) is the inaugural Asia-Pacific buyout fund managed by The Carlyle Group, one of the world's largest and most diversified global investment firms. Launched in 1999 with a final close of USD 750 million, CAP I represents Carlyle's first dedicated vehicle for leveraged buyout and control transactions across the Asia-Pacific region, marking the firm's strategic entry into the continent following the establishment of its first Asian offices in 1998. The fund targets control and co-control transactions in established, profitable companies operating across the dynamic economies of Asia. CAP I's investment mandate covers buyout and majority control transactions in large and mid-sized companies across Greater China, South Korea, Taiwan, Southeast Asia, and Australia. The fund focuses on select high-growth sectors including financial services, media and telecommunications, consumer goods, and industrial manufacturing, where Carlyle's global network and operational expertise can accelerate portfolio company value creation. The strategy emphasizes active ownership, strengthening management teams, implementing best practices in corporate governance, and leveraging Carlyle's international industry relationships to drive growth through strategic acquisitions and partnerships. CAP I was among the pioneering institutional buyout vehicles in the Asia-Pacific region, investing at a time when private equity was in its infancy across most of the continent. Notable early investments included Taiwan Broadband Communications and Office Depot China, demonstrating Carlyle's cross-sector and multi-market approach. CAP I established the blueprint for a fund family that has grown substantially through successive vintages: CAP II ($1.8 billion, 2002), CAP III ($2.55 billion, 2008), CAP IV ($3.88 billion, 2013), and CAP V ($6.55 billion, 2018), cementing Carlyle as one of the premier private equity franchises in Asia-Pacific with more than USD 18 billion invested and over 160 companies partnered across the continent.

Carlyle Japan Partners V (CJP V) is The Carlyle Group's fifth Japan-focused buyout fund, achieving a final close at ¥430 billion (approximately $2.8 billion USD), marking it as the largest Japan-focused buyout fund to date. This fund represents a significant increase of nearly 70% over its predecessor, reflecting strong investor confidence and demand from both domestic and international limited partners. CJP V continues Carlyle's established strategy of investing in upper middle-market opportunities within Japan. The fund focuses on sectors such as Technology, Media, and Telecom (TMT); Consumer, Retail, and Healthcare (CRH); and General Industries (GIG). Investment approaches include succession transactions, corporate carve-outs, and strategic take-private deals, aiming to support companies through transitions and growth phases. With over two decades of experience in the Japanese market, Carlyle leverages its local expertise and global resources to identify and nurture investment opportunities. The firm's commitment to Japan is underscored by its plan to expand its local investment team, ensuring robust support for portfolio companies and sustained value creation for investors.

Crayhill Capital Management, a New York-based alternative asset manager specializing in asset-based finance, announced the final close of its third flagship fund, Crayhill Principal Strategies Fund III, in April 2025. The fund secured approximately $1.31 billion in capital commitments, surpassing its $1 billion target. This total includes $162 million in committed co-investment capacity. Fund III focuses on providing capital solutions to specialty finance platforms and other asset-heavy companies across sectors such as residential housing, energy, commercial real estate, media, and digital infrastructure. The fund targets highly structured investments backed by segregated, cash-flowing assets, including loans, leases, royalties, receivables, and power purchase agreements. This strategy aims to offer downside protection and a resilient expected return profile. As of the fund's closing, over 75% of its capital had been deployed across a diverse portfolio of investments. Notable transactions include a $15 million credit facility for Universal Kraft Canada Renewables and a $200 million facility for AMPYR Energy USA to support utility-scale solar and energy storage projects.

F2i Fund II (officially F2i – Secondo Fondo Italiano per le Infrastrutture) is the second infrastructure fund managed by F2i SGR (Società di Gestione del Risparmio S.p.A.), Italy's largest independent infrastructure fund manager with total assets under management of approximately €7.1 billion across five funds. The fund raised approximately €1.2 billion and completed its fundraising in 2015, deploying capital across key Italian infrastructure sectors over its investment period. In December 2025, F2i SGR formally launched the wind-down and liquidation process for Fund II, with assets being returned to investors as portfolio holdings mature. F2i Fund II pursued a diversified Italian infrastructure strategy targeting core and core-plus assets across sectors including telecommunications infrastructure (IRIDEOS, Towertel), energy and utilities (Sorgenia, E2i Energie Speciali), healthcare facilities and services (Kos), and logistics infrastructure (TRM). The fund's investments focused on established, mission-critical infrastructure assets with predictable, regulated, or quasi-regulated cash flows, consistent with F2i's broader mandate to deploy institutional capital into Italian infrastructure through long-term, income-oriented ownership. F2i's approach combines deep sector expertise with strong stakeholder relationships developed through decades of engagement with Italian utilities regulators, local governments, and infrastructure operators across key national sectors. F2i Fund II's portfolio performed across multiple Italian infrastructure sub-sectors during a period of significant regulatory and market evolution in Italian energy, telecommunications, and healthcare markets. The fund's wind-down, initiated in December 2025, reflects a completed investment cycle with capital now being returned to investors through a managed exit process. The success of Fund II, combined with the strong track record established by Fund I, enabled F2i SGR to raise Fund III at €3.6 billion — nearly three times the size of Fund II — demonstrating the institutional conviction in the Italian infrastructure asset class and F2i SGR's ability to source, manage, and exit complex infrastructure positions at scale.

F2i Fund III (F2i – Terzo Fondo per le Infrastrutture) is the third flagship infrastructure fund managed by F2i SGR, Italy's largest independent infrastructure asset manager with approximately €7.1 billion in total AUM across five funds. Established in 2017 and having completed its fundraising in 2018 at €3.6 billion, Fund III is currently the largest fund under F2i's management. The fund was formed in part through the migration of remaining Fund I portfolio assets into a new vehicle at the end of Fund I's investment period, consolidating F2i's Italian infrastructure platform at significantly greater scale and providing continuity of management for long-duration infrastructure assets. F2i Fund III deploys capital across a broadly diversified portfolio of Italian infrastructure assets spanning energy and utilities, telecommunications and digital infrastructure, transport and airports, healthcare, environmental services, and gas distribution. Core portfolio companies include SEA (Società per Azioni Esercizi Aeroportuali, Milan Airports), Aeroporto di Bologna, EI Towers and Persidera (tower and telecommunications infrastructure), Sorgenia (energy), 2i Rete Gas (gas distribution, one of Italy's largest), IGS (integrated waste management), and healthcare and medical assets. The fund applies a core infrastructure philosophy targeting essential, long-lived assets with visible revenue streams regulated or contracted by Italian authorities, consistent with institutional investor requirements for capital preservation and predictable long-term income. F2i Fund III is fully invested, with capital deployed across its diversified Italian infrastructure portfolio. The fund's €3.6 billion scale reflects both F2i SGR's fundraising franchise and the depth of institutional LP conviction in Italian infrastructure as a domestic and European asset class. The portfolio includes some of Italy's most strategically significant infrastructure businesses, operating in regulated and semi-regulated markets with essential service mandates and high barriers to entry. F2i SGR's track record across multiple fund generations has established it as the preeminent Italian infrastructure general partner, supporting continued fundraising through the sustainable infrastructure focus of Fund V at €1.6 billion.

F2i Fund V (F2i – Fondo per le Infrastrutture Sostenibili) is the fifth infrastructure fund managed by F2i SGR, Italy's largest independent infrastructure fund manager with approximately €7.1 billion in total assets under management. Established at the end of 2020 and completing its fundraising in 2023 at €1.6 billion, Fund V marks F2i's strategic entry into explicitly sustainability-oriented infrastructure investing. The fund carries Article 8+ classification under the EU Sustainable Finance Disclosure Regulation (SFDR), meaning it promotes environmental and social characteristics while maintaining a minimum allocation to sustainable investments aligned with the EU Taxonomy framework. F2i Fund V targets sustainable infrastructure assets across the Italian economy, focusing on sectors undergoing active decarbonization, digitalization, and service quality improvement. Core investment sectors include clean energy and energy transition (Sorgenia), environmental infrastructure and waste management (ReLife), healthcare and medical technology (F2i Medtech), and next-generation telecommunications and digital infrastructure (FiberCop). The fund's Article 8+ ESG framework integrates environmental and social KPIs into investment selection, portfolio monitoring, and reporting — reflecting the increasing alignment between F2i SGR's infrastructure mandate and institutional LP demand for sustainable, impact-aligned infrastructure exposure that meets European regulatory standards for green investment. F2i Fund V completed its fundraising cycle in 2023, building on the established F2i SGR franchise and the firm's three-fund track record in Italian infrastructure. The fund's focus on sustainable infrastructure assets — including companies in clean energy, healthcare, digital connectivity, and circular economy — positions it as a natural evolution of F2i's earlier core infrastructure vehicles while addressing growing sustainability requirements of European institutional investors. Fund V adds to F2i SGR's total AUM of €7.1 billion across four equity funds and one debt fund, reinforcing the firm's position as Italy's premier infrastructure investment platform. The fund represents a bridge between traditional infrastructure core investing and the emerging sustainable infrastructure asset class gaining prominence across European institutional allocators.

ISQ Global Infrastructure Fund III is a 2021 vintage infrastructure value-added fund managed by I Squared Capital. The fund closed at its legal cap of $15 billion, surpassing the initial target of $12 billion, with commitments from over 200 institutional investors across 27 countries. Including a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital. The fund focuses on investments in sectors such as transportation, water and waste management, telecommunications, renewable energy, supply chains and logistics, energy transition, and digital infrastructure. It aims to make impact investments in infrastructure, preferring to invest in 15 to 20 companies globally. ISQ Global Infrastructure Fund III seeks to address critical challenges in a post-COVID world, including climate change, supply chain disruptions, digital transformation, and the energy transition. The fund targets gross returns of 15–20% and a cash yield of 6%.

ISQ Global Infrastructure Fund IV is the latest infrastructure value-add fund from I Squared Capital, aiming to raise $15 billion following the $12 billion Fund III closed in 2021. The fund continues I Squared’s strategy of investing in essential infrastructure assets with operational upside, leveraging its global platform and local expertise. The fund focuses on platform investments, with at least 60% of capital expected to be deployed in scalable opportunities where additional investments can be made over time. This approach allows for building and expanding infrastructure businesses across various sectors and geographies. ISQ Global Infrastructure Fund IV maintains a diversified investment strategy across sectors such as renewables, transport, and utilities, targeting opportunities in North America, Latin America, Western Europe, and Asia-Pacific. The fund seeks to capitalize on the growing demand for sustainable and resilient infrastructure globally.

KKR Diversified Core Infrastructure Fund is a dedicated infrastructure strategy focused on acquiring mature, brownfield infrastructure assets. It targets essential service businesses with strong cash flows and long-term contracts or regulated revenues, helping to deliver downside protection and steady income. The fund invests primarily in OECD-developed regions, notably North America and Western Europe, to ensure portfolio stability and regulatory transparency. It pursues a diversified sector mix including energy, transportation, telecom, water and utilities, with tickets generally ranging from USD 250 million to USD 750 million per investment. Structured as a core strategy, the fund emphasizes capital preservation and inflation-protected value through investments in critical infrastructure assets. Its risk‑based asset selection process favors lower volatility opportunities with predictable returns, often supported by regulated or contracted frameworks. Managed by KKR’s global infrastructure platform, the vehicle leverages deep operational expertise across geographies to generate attractive risk‑adjusted returns. With multiple domiciles (Delaware, Luxembourg, Canada), it is accessible to a broad universe of institutional investors seeking infrastructure exposure.

KKR North America Fund XIII (NAX3) is a $19 billion mega-cap private equity buyout fund managed by KKR & Co. Inc., one of the world's leading global alternative asset managers headquartered in New York. Reaching final close on April 25, 2022, NAX3 was the largest fund in KKR's history at the time of closing, surpassing the firm's previous flagship vehicle, the $17.6 billion KKR 2006 Fund. KKR committed $2.0 billion of its own balance sheet alongside investor capital—one of the most significant GP alignment commitments in the fund's history—reflecting the firm's conviction in its North American investment pipeline and strong alignment of interests with its limited partners. NAX3 is structured as a generalist large-cap buyout fund with a primary geographic mandate across North America, principally the United States and Canada. The fund pursues opportunistic private equity investments across financial services, healthcare, retail, industrials, technology, media, and telecommunications. KKR's investment model emphasises operational value creation through the KKR Capstone operational improvement platform, strategic bolt-on acquisitions, ESG integration, and long-term ownership of market-leading franchises through controlled or significant-minority positions. Despite aggregate investor interest of approximately $24 billion, KKR scaled the fund back to $19 billion to preserve capital deployment selectivity and returns discipline. KKR North America Fund XIII attracted a broad global institutional investor base across public pension funds, sovereign wealth funds, insurance companies, endowments, and family offices. KKR has invested in more than 250 companies across North America over the past four decades, generating over $240 billion in cumulative invested capital globally. NAX3 continues this tradition with a diversified portfolio of control and co-control buyouts in some of North America's most consequential industries, with the fund now in its active investment and value creation phase following the April 2022 close.

Keppel Data Centre Fund III (KDCF III) is a private infrastructure fund launched by Keppel Ltd., designed to invest in the development and operation of hyperscale-ready, sustainable data centres across the Asia-Pacific region. In April 2025, the fund reached its first close with approximately US$580 million raised from institutional investors including pension funds, sovereign wealth funds, and insurance firms. The fund builds on the track record of Keppel’s earlier data centre vehicles, aiming to meet the surging demand for digital infrastructure spurred by the rise of AI and digital transformation. KDCF III emphasizes a de-risked approach through pre-commitments or long-term lease agreements with hyperscale clients, ensuring leasing stability and enhanced investor confidence. KDCF III leverages Keppel’s vertically integrated platform to deliver energy-efficient data centres, incorporating renewable energy sources and advanced cooling systems. This not only supports ESG commitments but also aligns with global trends toward sustainable infrastructure. The fund is strategically positioned to shape digital infrastructure across major growth markets in Asia-Pacific.

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.

Macquarie Asset Management’s Macquarie Infrastructure Partners VI (MIP VI), a 2022‑vintage core‑plus infrastructure fund, achieved a final close at approximately $6.8 billion, with a hard cap targeting $7–8 billion—anchored by ~70 % re‑investment from existing LPs and North American investors. The fund focuses on transportation, digital infrastructure, utilities, energy, waste and social infrastructure across the Americas. Its core-plus approach emphasizes stable, income-generating assets with inflation linkage, high barriers to entry, and structural, contracted characteristics. MIP VI has deployed capital into several landmark assets, including a 40 % stake in Dow-linked US utility infrastructure, Montreal Met Airport, SwyftFiber, and Brazil’s Monte Rodovias toll roads. It aims for a 10–12 % net IRR and 4–6 % annual cash yield, investing $50–125 million per project.

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.

Northleaf Capital Partners has announced the final close of its latest infrastructure fund, Northleaf Infrastructure Capital Partners IV (NICP IV), achieving its hard cap of $2.6 billion and exceeding the initial target of $2.25 billion. This milestone marks the firm's largest infrastructure fund to date, reflecting strong investor confidence in Northleaf's mid-market investment strategy. The fund attracted commitments from over 70 institutional investors across 14 countries, underscoring its global appeal. NICP IV focuses on control investments in contracted mid-market infrastructure assets, primarily in North America, with selective opportunities in Western Europe and Australia. The fund targets sectors such as renewable energy, telecommunications, transportation, and outsourced services, aligning with emerging trends like the energy transition and digital infrastructure expansion. By concentrating on businesses operating within a single country, Northleaf aims to mitigate risks associated with cross-border activities and tariffs. Since commencing investments in 2023, NICP IV has completed five deals, including commitments to Shared Tower, Provident Energy Management, Tillman FiberCo, EVPassport, and Combined Cargo Terminals. These investments exemplify Northleaf's approach of acquiring high-quality assets with long-term contracted revenues. The firm's active value creation strategy involves working closely with management teams to grow and de-risk each investment, leveraging its extensive industry networks and disciplined investment process.