Private Equity & Private Capital News

Global private investment giant Blackstone Inc has launched a new Asia-focused private equity (PE) fund – its third Asia-buyout fund – with a fundraising target of at least $10bn, according to a report by Reuters.

Private equity firm Ares Management and billionaire Joe Tsai are in advanced discussion with Miami Dolphins owner Stephen Ross over the acquisition of stakes in the NFL team and related assets in deals that would value the business at $8.1bn, according to a report by Bloomberg.

European private equity fundraising reached €118bn in the first half of 2024 and could be set for a record year, although there are signs a slowdown is due in the second half of the year, according to Preqin’s latest Alternatives in Europe 2024 report.

Global private investments firm Apollo Global Management has set its sights on doubling its assets under management to $1.5tn by 2029, positioning itself as a major player in global debt underwriting, according to a report by the Financial Times.

Morgan Stanley Investment Management (MSIM) announced today that it has raised $750 million at the final close of 1GT, its climate solutions-focused private equity strategy, targeting the elimination of 1 gigaton of CO2 emissions by 2050.

TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, and GIC, are to acquire Techem Group, a service provider for smart and sustainable buildings from private markets investment firm Partners Group for $6.7bn.

Global private equity firm Carlyle Group is exploring a potential investment in Thames Water, the UK’s largest water and wastewater company, which is struggling under the burden of debt pile of more than $15bn, according to a report by Sky News.

The Merced County Employees Retirement Association (MCERA), which has $1.2bn in assets under management approved a new private equity commitment during its September board meeting, according to a report by Private Equity International.

Pictet Alternative Advisors (PAA), an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m.

Sanofi has received two separate takeover bids from private equity firms PAI Partners and Clayton Dubilier & Rice for its consumer health unit, potentially valuing the business at around €15bn ($16.74bn) or more, according to a report by Bloomberg News.