Private Equity & Private Capital News

AlpInvest Partners, a subsidiary of Carlyle, has raised $3.2bn for its AlpInvest Strategic Portfolio Finance Fund II, inclusive of parallel SMAs and co-investments, exceeding its initial target and more than tripling the size of its prior programme, ASPF I.

UK-based private equity firm 3i Group has halted the sale process for premium pet food manufacturer MPM, as it evaluates the impact of newly imposed US tariffs, according to a report from Bloomberg News, citing sources familiar with the matter.

Through one lens, 2024 can be considered the year of the partial exhale. Interest rates and inflation finally came down. Economic growth in many markets remained stable. In response, deal investment and exit value increased. Alas, fund-raising struck a discordant note, but as we know, fund-raising is a lagging indicator for deal activity.

Brookfield Infrastructure Partners, alongside its institutional partners, has reached an agreement to acquire Colonial Enterprises, the operator of the largest fuel pipeline network in the US, in a transaction valued at $9bn, according to a report by Bloomberg.

A wave of large institutional investors — including pensions, endowments, and sovereign wealth funds — has begun actively exploring sales of private equity fund stakes on the secondary market to raise liquidity, according to a report by the Financial Times citing leading private capital advisers including Houlihan Lokey.

Private equity firm Brynwood Partners has agreed to sell its portfolio company, Harvest Hill Beverage Company — the maker of SunnyD and Juicy Juice — to Guatemalan conglomerate Castillo Hermanos in a deal valued at approximately $1.5bn, including debt, according to a report by Reuters.

Donald Trump’s so-called ‘Liberation Day’ tariff regime has sent shockwaves through the private equity sector, with major firms including Apollo Global, KKR, and Blackstone seeing significant share price declines, according to a report by the Financial Times.

Siemens AG has agreed to acquire US-based R&D software firm Dotmatics for $5.1bn from private equity firm Insight Partners, according to a report by Reuters.

Apollo Global Management and Citigroup are offering an attractive private financing package worth approximately $3.5bn to support the sale of Boeing Co’s navigation unit, Jeppesen, according to a report by Bloomberg citing unnamed sources familiar with the matter.

European private equity firm IK Partners has successfully closed its tenth midcap fund, IK X Fund, at its $3.3bn hard cap, marking the firm’s largest fundraise to date.

Brookfield Asset Management is finalising a $9bn-plus acquisition of Colonial Pipeline, the largest US fuel transportation system, marking one of the largest private equity-backed infrastructure deals in recent years, according to a report by Reuters.