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Coller Capital announces U.S. launch of CollerCredit, expanding access to Private Credit secondaries for Wealth investors

Coller Capital

  • Fund provides institutional-grade exposure to diversified, income-oriented private credit

New York, Wednesday, July 16, 2025 – Coller Capital, one of the world’s largest dedicated private market secondaries managers, today announced the U.S. launch of CollerCredit, a fund providing high-net-worth investors access to the growing private credit secondaries market.

Private credit secondaries is a distinct asset class within the broader multi-trillion-dollar private credit market. As the market has matured, a dynamic and expanding secondaries market has emerged, offering investors liquidity in what has traditionally been a long-term investment strategy. Coller Capital was an early mover in credit secondaries, pioneering investments as early as 2008. To date, the firm has committed $10.1 billion to credit secondaries.1

CollerCredit seeks to deliver income, diversification, and downside mitigation along with more frequent liquidity than conventional private credit vehicles. The strategy complements the firm’s broader credit secondaries platform, which recently raised $6.8 billion in its latest fundraising cycle.2 Coller’s credit secondaries group includes 12 specialists within the wider 77-person investment team, making it one of the largest dedicated secondaries investment teams in the industry.

This U.S.-registered vehicle follows the firm’s existing CollerCredit strategy introduced in Luxembourg in 2024 and reflects the firm’s commitment to expanding private market access for wealth investors globally.

 Jake Elmhirst, Partner, Head of Private Wealth Secondaries Solutions and Deputy Head of Capital Formation, said: “The U.S. launch of CollerCredit reflects our commitment to building a secondaries platform for wealth investors wherever they are located. Private credit secondaries are a fast-growing segment of the market, and this fund offers institutional-grade access to a carefully constructed portfolio focused on income, diversification, and capital resilience.”

Michael Schad, Partner, Head of Coller Credit Secondaries, said: “Private credit secondaries represent a significant and expanding opportunity, but accessing it effectively requires deep expertise. Coller has been investing in this space for over 16 years, and we believe our dedicated credit team is well positioned to lead this next phase of its evolution.”

Jon McEvoy, Head of U.S. Private Wealth Distribution, said: “CollerCredit brings together Coller’s long track record in secondaries with a structure designed specifically for the U.S. wealth market. It offers investors access to private credit through a vehicle built for long-term allocation and aligned with the needs of high-net-worth portfolios.”

The fund is structured as a U.S. Registered Investment Company (RIC) and operates as a tender offer fund to provide periodic liquidity. Available to high-net-worth investors, including taxable, tax-exempt, and ERISA-eligible, the fund offers monthly subscriptions, quarterly repurchase offers, as well as simplified 1099 tax reporting and a lower minimum investment than traditional private credit funds.

The fund’s launch marks the next milestone in Coller’s Private Wealth Secondaries Solutions (PWSS) business, which was created in 2023 to expand access to private markets secondaries for high-net-worth investors globally. It follows the 2024 debut of the firm’s Luxembourg-based Private Credit Secondaries SICAV for international private clients.

Since establishing its global private wealth platform in 2023, Coller Capital has raised more than $4 billion across private equity and credit-focused secondaries strategies. The firm currently manages $40 billion in assets and operates from 10 offices across Europe, North America, and Asia-Pacific.1

For more information, visit: www.collercredit.com/us/

 

1. As of June 30, 2025
2. Figure represents capital raised from December 2023 through June 2025

 

An investment in a U.S. Registered Investment Company (“RIC”) entails risks, in particular the risk of an investor losing their invested capital. Prospective investors should conduct independent due diligence in assessing any investment opportunity.

Investors should carefully consider the investment objectives, risks, charges and expenses of Coller Private Credit Secondaries Fund (“CollerCredit”). This and other important information about the Fund are contained in the prospectus. Please read the prospectus carefully before investing. A copy of the Prospectus can be found online.

Potential investors should be aware that an investment in the fund is speculative, involves a high degree of risk, and is suitable only for those investors who have the financial sophistication and expertise to evaluate the merits and risks of an investment in the fund and for which it does not represent a complete investment program. Only investors who can afford a loss of their entire investment should consider an investment. The Fund will make a limited number of investments. Consequently, the aggregate return of the Fund may be substantially adversely affected by the unfavorable performance of even a single investment. Any investment in CollerCredit entails risks, including but not limited to the risk of losing all or part of the amount invested. Past performance is not indicative of future results, and there can be no assurance that the fund will be able to implement its investment strategy or achieve its investment objectives.

Interests in the Fund will be highly illiquid and subject to restrictions on transfer. Any tender offer or redemption by the Fund would have to be approved by its board of directors; it should, therefore, not be assumed that any such offer or redemption would happen at a particular time or at all. An investment in the Fund, unlike a traditional listed closed-end fund, should be considered illiquid. An investment in the Fund is appropriate only for investors comfortable with investing in less liquid or illiquid portfolio investments within an illiquid fund.

Lack of Operating History: Although Coller Capital’s investment team members have had substantial experience, the RIC is a newly formed entity with no or limited operating history upon which to evaluate the RIC’s potential performance. The success of the RIC will substantially depend on the skill and expertise of Coller Capital’s investment team. There can be no assurance that the investment team members will continue to be employed by Coller Capital throughout the life of the RIC.

The fund is distributed by Paralel Distributors LLC. Paralel is unaffiliated with Coller Capital.

Jake Elmhirst and Jon McEvoy are registered representatives of Paralel Distributors LLC.

Mentions
Black and white formal headshot of Jake Elmhirst.
Jake Elmhirst

Partner, Head of Private Wealth Secondaries Solutions and Deputy Head of Capital Formation
Black and white formal headshot of Michael Schad.
Michael Schad

Partner, Head of Coller Credit Secondaries
Black and white formal headshot of Jonathan McEvoy
Jonathan McEvoy

Managing Director, Investor Relations & Head of Private Wealth Secondaries Solutions Distribution
Press contact
Edelman Smithfield

coller@edelmansmithfield.com+44 (0)7980 684 247

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CASE Acquires Ragnarok Technologies

Ae Industrial Partners

Acquisition strengthens CASE’s leadership in delivering cutting-edge software and cloud solutions to mission-driven clients

LEESBURG, Va.–(BUSINESS WIRE)–CASE (“CASE” or the “Company”), a provider of high-end software development and cloud engineering services, announced today that it has acquired Ragnarok Technologies (“Ragnarok”), a specialized IT services provider for federal and commercial clients. Financial terms of the private transaction were not disclosed.

Founded in 2015 and headquartered in Reston, Virginia, Ragnarok delivers specialized and tailored engineering and enterprise IT solutions across high demand areas including blockchain analysis, digital forensics, cloud infrastructure, and software development. Ragnarok’s three co-founders, Thomas Dougherty, Ethan Grambow, and Chris Santiago, will remain with the organization and assume key roles on CASE’s senior leadership team.

“Ragnarok has earned a strong reputation within the IT community for its exceptional technical expertise and unwavering commitment to its customers,” said Paul Farmer, CEO, CASE. “In addition to expanding our presence in the National Capital Region, leveraging Ragnarok’s advanced technical capabilities and cutting-edge infrastructure positions us to provide even deeper strategic insight to our clients.”

“CASE and Ragnarok share a heritage of crafting innovative, tailored solutions that address the next generation of challenges facing federal and commercial clients,” added Ethan Grambow, Co-Founder and CEO, Ragnarok. “By joining forces with CASE, we are reinforcing our ‘Mission First’ mindset and accelerating the development of advanced capabilities to counter emerging threats.”

CASE is a portfolio company of AE Industrial, a private equity firm based out of Boca Raton, Florida. The transaction marks the next phase of CASE’s growth, following the Company’s acquisition of specialist cloud-based services and cyber solutions provider, CyberKinetics, in 2024.

G Squared Capital Partners and Peloton Strategies Group served as advisors to Ragnarok on the transaction.

About CASE

CASE is a founder-owned, leading provider of mission-critical technology services, delivers a broad range of next generation IT capabilities in cloud, cyber, and software development to solve its customers’ most pressing and important national security challenges. Specifically, CASE provides classified, high-end services that are in constant and increasing demand, including secure cloud architecture and analytics, software development and automation, systems engineering, and integration.

About Ragnarok Technologies

Ragnarok Technologies is a leading provider of IT services to federal and commercial clients, specializing in systems engineering, software development, cybersecurity, and program management. Driven by a commitment to purposeful innovation, Ragnarok’s experienced technologists tackle complex challenges to support clients’ mission-critical objectives.

About AE Industrial Partners

AE Industrial Partners is a private investment firm with $6.4 billion of assets under management focused on highly specialized markets including National Security, Aerospace, and Industrial Services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners invests across private equity, venture capital, and aerospace leasing.

Media Contact:
Stanton Public Relations
Matthew Conroy
(646) 502-3563
aeroequity@stantonprm.com

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FSN Capital IV has signed an agreement to sell its majority shareholding in Fibo

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Fsn Capital

N Capital IV* and other shareholders have signed an agreement to sell 100% of the shares in Fibo to leading UK-based bathroom products group Norcros plc for an Enterprise Value of NOK 618m1, after a successful growth journey that has strengthened and internationalized the business.

Established in 1952 in Norway, Fibo is a leading supplier of high-quality waterproof, decorative wall panels. Fibo’s products are widely used in public buildings, private homes and modular buildings, providing durable, hygienic and sustainable wall systems. For the financial year ended 31 December 2024, Fibo Group reported net sales of NOK 856.3m and EBITDA of NOK 100.0m2.

FSN Capital IV acquired Fibo as a carve-out from Norwegian building contractor Byggma ASA in 2015. During the ownership period, Fibo has undergone a significant transformation to become a more robust and resilient business, well-positioned for long-term growth. In 2017, Fibo built a new, highly automated production facility, which, combined with continuous operational improvements, has enhanced efficiency and flexibility.

Since 2015, Fibo has significantly diversified its revenue mix, expanding internationally out of its home market of Norway. Today, Fibo boasts sales in more than 20 countries, including a substantial presence in the UK, while all production continues to be based at the company’s factory in Lyngdal, Norway.

Eirik Wabø, Investment Director at FSN Capital Partners (investment advisor to FSN Capital IV), commented: “It has been a privilege to support Fibo over the years, and we have been continually inspired by the dedication and pride of Fibo’s employees. While Fibo maintains a strong local presence, it has also managed to pursue international ambitions. Thanks to the strong commitment of management and the entire team, Fibo has succeeded in building a significant foothold in new markets, making the business both resilient and well-positioned for future growth. We look forward to seeing Fibo’s continued success as it enters a new chapter.“

Anders Carlson, CEO at Fibo, added: “Becoming part of Norcros opens up new opportunities, including access to greater resources and the chance to learn from and collaborate with new colleagues. Most importantly, Fibo will be able to grow, innovate, and expand its reach to serve more customers around the world. We are thankful for a valuable partnership with FSN Capital IV, which has been key to the successful development of Fibo into an international company with significant potential to scale.”

The transaction is subject to approval by applicable authorities. Closing is expected during the second half of 2025.

FSN Capital IV was advised by DNB Carnegie, Haavind, PWC, and Raymond James.

*FSN Capital GP IV Limited acting in its capacity as general partner for and on behalf of each of FSN Capital IV L.P., FSN Capital IV (B) L.P. and FSN Capital IV Invest L.P.

1  Enterprise value excluding lease liabilities. Lease liabilities at 31 December 2024 was NOK 76.8m
2  The stated EBITDA of NOK 100.0m is before subtracting factoring fee of NOK 13.7m and deducts leasing payments of NOK 14.6m.

 

About Fibo
Founded in Norway in 1952, Fibo is a global leader in high-quality waterproof wall systems for wet rooms. With nearly 70 years of innovation, Fibo offers a versatile range of fully waterproof wall panels and accessories, providing a durable, sustainable and cost-effective alternative to tiles, trusted for their certified quality and performance.

Fibo holds the number one market position in Norway and has a strong and growing presence across Europe and North America. Serving both public, residential and commercial sectors, from new builds to renovations and modular projects, Fibo products reach customers via builders’ merchants, DIY chains, and direct B2B sales.

With a modern, automated facility in Lyngdal, Norway, and global material sourcing, Fibo continues to set the standard for waterproof wall solutions worldwide, supported by over 15 years of consistent growth.

For more information, please visit: www.fibo.com


About FSN Capital
Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds. FSN Capital Partners has a team of more than 100 across Oslo, Stockholm, Copenhagen, and Munich.

FSN Capital Funds have more than €4 billion under management and make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities.

Our ethos, “We are decent people making a decent return in a decent way” defines our core values. We are committed to being responsible investors and having a positive environmental and social impact across our portfolio while achieving market-leading returns.

Learn more about FSN Capital and our team on our website: www.fsncapital.com

 

 

For more information, please contact the following persons at FSN Capital Partners (investment advisor to FSN Capital IV):

Eirik Wabø, Investment Director
eirik.wabo@fsncapital.com

Morten Welo, Partner & COO/IR
morten.welo@fsncapital.com

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Apax Global Impact Fund to make strategic investment in Foods Connected – accelerating future growth

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Apax

The Apax Global Impact Fund, advised by Apax Partners LLP (“Apax”), has entered into an agreement to make a strategic investment in Foods Connected, the supplier management platform of Hilton Food Group plc (“Hilton Foods), a leading international multi-protein food business.

As part of the transaction, Hilton Foods will receive cash consideration of £22m for the sale of its shares. Upon completion, Hilton Foods will hold 26% of the business.

This investment builds on Foods Connected’s success to date, bringing in additional capital and Apax’s technology expertise to accelerate its next phase of growth.

The Board of Hilton believes that partnering with an experienced technology investor will accelerate growth in Foods Connected, which serves as an enabler for the Group’s end-to-end supply chain management approach. Foods Connected’s bespoke technology provides real-time data to optimise supply chains and enhance cost efficiency, quality standards, risk visibility and sustainability.

The Apax Global Impact Fund has a strong track record of supporting software and services businesses tackling key social and environmental challenges, and sees Foods Connected as well-positioned to scale globally while advancing safer, more transparent, and sustainable food supply chains.

Edward Donkor, Partner, Apax Global Impact, said: “We’ve been closely following the food safety sector worldwide, and Foods Connected stood out as a strong platform to invest behind. Many food businesses still use outdated tools like spreadsheets and paper, creating a clear opportunity for Foods Connected to modernise operations. We’re excited to partner with Hilton Foods and Roger McCracken, Co-founder and CEO at Foods Connected, to accelerate the business’s expansion. Together, we’ll invest in new markets, strengthen sales and marketing, pursue strategic acquisitions, and increase value for existing customers through expanded capabilities and resources. We look forward to the journey ahead and the impact we can achieve together.”

Roger McCracken, Co-founder and CEO of Foods Connected, said: “We’re thrilled to be partnering with Apax Global Impact on this next phase of growth for Foods Connected. Their expertise in scaling technology businesses will be key to accelerating our global expansion and enhancing what we deliver for customers. We’re also grateful to Hilton Foods for their incredible support over the past eight years, and we’re pleased they’ll remain a key partner on our journey as we continue to scale and strengthen the business with Apax Global Impact’s backing.”

Steve Murrells, CEO of Hilton Foods, added: We’re delighted to be partnering with Apax Global Impact team, who have the right experience, capabilities and infrastructure to help us realise, at pace, the full scale of the opportunities ahead for Foods Connected.

This partnership positions Foods Connected to deliver greater value to customers and remains central to our strategy. This strategic investment strengthens our ability to meet clients’ evolving needs, underscores the platform we’ve built and enables us to sharpen our focus on our core food business.  I look forward to working with the Apax team as we strengthen and grow Foods Connected, for the benefit of Hilton Foods and our international customer base.”

The transaction is subject to customary regulatory approvals.

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E.GRUPPE expands its presence through the acquisition of LET Gruppe

GIMV

E.GRUPPE, a Gimv portfolio company and leading provider of electrical engineering solutions for clients in the industrial and energy sector, is expanding its product and service offering as well as regional presence through the acquisition of LET Gruppe.
E.GRUPPE was founded in 2021 with the aim of building a leading electrical engineering company focused on energy and automation technology across the entire electrical engineering value chain: from consulting and planning, through engineering, production and installation, to service and maintenance of customer-specific systems.

With more than 50 years of market experience, LET Gruppe – comprising LET Lüddecke, LET Services, ESV Erfurter Schaltschrankbau and IMB Energy Systems – brings complementary expertise to E.GRUPPE’s portfolio through capabilities in uninterruptible power supply systems. The transaction further strengthens existing core competencies in switchgear assembly, distribution systems, and automation technology. Following the acquisition, E.GRUPPE will have 365 employees across 10 locations, establishing a strong presence in central and southern Germany. The aim is to offer clients a comprehensive and future-oriented range of electrical engineering systems tailored to their specific needs.

The management team of LET Gruppe comments on the growth opportunities within E.GRUPPE: “The merger with E.GRUPPE marks an important step for us in continuing our growth trajectory and providing our clients with even more comprehensive products and services. LET stands for technological excellence and uncompromising reliability in complex systems for our clients. As part of a strong group, we gain new opportunities to expand our regional presence, further develop our services, and unlock new potential. At the same time, we are creating a stable, forward-looking environment with long-term prospects for our employees.”

Maja Markovic, Partner at Gimv’s Sustainable Cities platform in the DACH region, adds: “The acquisition of LET Gruppe, an experienced specialist in electrical engineering solutions, creates a leading provider of customised electrical engineering offerings in a growing and attractive market shaped by rising demands due to electrification, digitalisation, and the expansion of renewable energy. Together with the management and employees, we are continuing the growth journey of E.GRUPPE by pooling expertise and offering a comprehensive, future-proof solutions portfolio along the entire electrical engineering value chain.”

The transaction is subject to the usual conditions, including approval by the competition authorities. Further financial details will not be disclosed.

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Advent to sell DONTE, Spain’s leading dental platform, to Ontario Teachers’ Pension Plan Board

Advent

London, 15 July 2025 – Advent, a leading global private equity investor, today announces the sale of its stake in DONTE GROUP, Spain’s leading dental platform, to Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”), a global investor with a strong track record in the dental and healthcare sectors.

Since investing in DONTE in 2019, Advent has helped to transform the business into Spain’s largest oral healthcare platform. Under Advent’s stewardship, DONTE grew from a single-brand business with 150 clinics into a diversified, multi-brand leader comprising over 400 clinics across four leading brands – Vitaldent, Maex, Moonz, and Smysecret. The company has treated around 1 million patients during this time, while investing more than €40 million in clinical quality and over €35m in technological innovation, enhancing patient experience.

Ontario Teachers’ is a global investor with over CAD$266 billion in net assets and a history of strong investments in healthcare, with a global healthcare portfolio of CAD$6 billion, including Heartland Dental, PhyNet, Veonet and NVISON. The investment underscores Ontario Teachers’ confidence in DONTE’s growth trajectory and its mission to provide outstanding patient care.

Tom Allen, Managing Director at Advent, said, “We are incredibly proud to have supported the DONTE team over the past six years in building an outstanding dental platform with a relentless focus on patient care and medical excellence.”

Gonzalo Santos, Managing Director at Advent, added, “This milestone validates DONTE’s position as a market leader in Spain and sets the stage for its continued success. We are confident that Ontario Teachers’ is the ideal partner to support DONTE in its next chapter.”

Javier Martín, CEO of DONTE GROUP, said, “We are grateful for Advent’s partnership, which has been instrumental in scaling DONTE into a leading oral health platform. We look forward to this next phase of growth with Ontario Teachers’ as we expand our presence and continue delivering cutting-edge care to our patients, and we are pleased to partner with an investor with deep expertise in the sector.”

Advent has developed significant expertise and an extensive track record investing in the healthcare sector. Over the past 30 years, Advent has completed more than 50 investments across over 15 countries in areas including pharma services, medtech, healthcare services, and life sciences. Advent is committed to partnering with healthcare businesses to scale innovation, improve patient outcomes, and deliver sustainable growth.

The transaction is subject to customary regulatory approvals and its closing is expected to take place in Q4 2025.

Advent was advised by J.P. Morgan as lead financial advisor and J&A Garrigues, S.L.P. As lead legal advisor.

Media Contacts
Peter Folland
pfolland@adventinternational.co.uk

About Advent
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $91 billion in assets under management* and have made 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

To learn more, visit our website or connect with us on LinkedIn.

*Assets under management (AUM) as of December 31, 2024. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

About DONTE GROUP
DONTE GROUP is Spain’s largest dental platform, offering comprehensive oral care through its portfolio of leading brands: Vitaldent, Maex, Moonz, and Smysecret. With over 400 clinics and more than 8.5 million patients treated over more than 35 years, DONTE is at the forefront of medical excellence and patient-centric care.

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EQT to sell WASH Multifamily Laundry Systems

eqt

The EQT Infrastructure II fund has agreed to sell WASH Multifamily Laundry Systems, a leading provider of essential laundry services to multifamily, campus, and on-premise laundry operations, to Northleaf Capital Partners and AVALT.

The transaction is subject to customary conditions and approvals and is expected to be completed in Q3 2025.

Contact

EQT Press Office

press@eqtpartners.com+46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

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Blackstone to Invest More Than $25 Billion in Pennsylvania’s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment

Blackstone
  • Pennsylvania is uniquely suited to serve as a strategic hub to power America’s AI future
  • Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites
  • Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities
  • Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline

New York – July 15, 2025 – Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate (“Blackstone”) will invest over $25 billion to support the build out of Pennsylvania’s digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone’s track record as the leading investor in data centers and power infrastructure.

Commenting on the announcement, Jon Gray, Blackstone’s President and Chief Operating Officer, said: “We’re thrilled to be investing behind two of our highest conviction themes – digital infrastructure and energy – in a part of the country that is ideally situated to support and expand America’s leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth’s digital and energy infrastructure.”

Sean Klimczak, Blackstone’s Global Head of Infrastructure, said: “Pennsylvania is transforming into a strategic hub for AI innovation, and we’re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.”

Nadeem Meghji, Blackstone’s Global Co-Head of Real Estate, said: “This announcement is reflective of Blackstone’s track record of partnering with governments, local communities and customers to create win-win-win outcomes. As the leading global investor in data centers, we are excited to help advance the nation’s digital infrastructure goals.”

Investment Highlights

  • Ready to move. Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers.
  • Strong local partner. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America’s AI and reindustrialized future.
  • Creating local jobs. Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania.
  • Abundant low-cost energy. Pennsylvania is uniquely suited to serve as a strategic hub to power the nation’s AI objectives given its abundant low-cost energy that accounts for 20% of the nation’s natural gas production.
  • PA Fast Track. QTS will work with local, county and commonwealth officials to utilize Pennsylvania’s new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI.
  • Community Partnership. Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania.

Tag Greason, Co-CEO of QTS, said: “Pennsylvania is well positioned for data center growth and has become a market where we’re seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure. We look forward to engaging with communities and leaders across the Commonwealth to position our leading data center platform to support the digital infrastructure needs of Pennsylvania businesses and families.

Construction is expected to commence by year-end 2028 subject to permitting and utility approvals.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Contact
Paula Chirhart
Blackstone Infrastructure
Paula.Chirhart@Blackstone.com
347-463-5453

Jeff Kauth
Blackstone Real Estate
Jeffrey.Kauth@blackstone.com
212-583-5395

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Promethium Introduces First Agentic Platform Purpose-Built to Deliver Self-Service Data at AI Scale

.406 Venture

New data answer agent Mantra enables data teams to talk to enterprise data

Promethium

Menlo Park, CA & Cambridge, MA, July 15, 2025 – Promethium today announced the latest version of its Instant Data Fabric™, the industry’s first agentic platform purpose-built to deliver self-service data at AI scale. As a part of this announcement, the company also unveiled Mantra™, its new Data Answer Agent which enables data teams to perform analytics with natural language on distributed enterprise data and receive instant, trusted responses and insights. Mantra is currently available in private preview. To learn more or join the waitlist, visit https://promethium.ai/mantra.

As data becomes more fragmented across cloud, on-premises, and SaaS platforms, organizations face growing pressure to deliver timely, AI-powered insights. Business and data teams — and increasingly, AI agents — need immediate answers to ad hoc questions. Yet most enterprises are held back by traditional data architectures that rely on complex ETL pipelines, data movement, and manual intervention from data engineers. These methods introduce delays, increase risk, and fail to scale with the speed of AI.

“As the complexity of enterprise data landscapes grows, data teams face mounting pressure to deliver timely, trustworthy insights,“ said Sanjeev Mohan, Principal at SanjMo and former Gartner Research VP, Data & Analytics. “A new architecture that enables open, agentic access to distributed data without adding friction is emerging. By emphasizing automation, context, and self-service, Promethium’s approach empowers data teams to shift from reactive support to strategic impact. It’s a foundational change in how data is delivered and consumed in the age of AI.”

Promethium’s latest version of its Instant Data Fabric addresses these challenges with a fundamentally different approach: an agentic platform that connects to data where it resides and delivers self-service access without data duplication or the need for new pipelines. Additionally, Promethium’s open architecture allows enterprises to deliver access and consumption across multiple data platforms, catalogs, and tools without being locked into a specific platform stack.

“AI is transforming how decisions get made, but most data architectures weren’t built to keep up,” said Prat Moghe, CEO of Promethium. “With the latest version of our Instant Data Fabric and the launch of the Data Answer Agent Mantra, we’re giving data teams a new superpower: the ability to deliver trusted, contextual answers on demand. It’s the fastest, most open way to scale self-service data for the age of AI.”

Promethium’s platform capabilities include:

  • Fast, unified data access across enterprise data sources. Promethium provides real-time, zero-copy access to data across cloud, on-premises, and SaaS platforms. Fine-grained, enterprise-grade access controls ensure speed, security, and compliance.
  • Accurate answers through deep context. There is often a disconnect between business questions and the underlying data. Promethium’s 360° Context Engine bridges this gap by aggregating technical and business metadata to generate relevant, contextual answers.
  • Self-Service collaboration with Data Answers. Mantra, Promethium’s agent, enables data teams to build, and share contextual data products called Data Answers. Data Answers can be materialized, published or integrated into existing enterprise platforms, tools, API’s, or agents, without any changes to existing workflow.

Promethium was recognized by Gartner as a Cool Vendor in Data Management: GenAI Disrupts Traditional Technologies, validating its leadership in enabling agentic data architectures and AI-powered insights across the enterprise.

About Promethium

Promethium enables self-service data at AI scale with its Instant Data Fabric, the first agentic platform that allows enterprises to talk to all their distributed data. Promethium empowers data teams to build and share trusted, contextual data answers for immediate insight. Promethium is a Gartner Cool Vendor and is backed by world-class investors and advisors. Learn more at promethium.ai or follow us on LinkedIn.

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Media Contacts:

Chris McCoin or Richard Smith
McCoin & Smith Communications Inc.
chris@mccoinsmith.com or rick@mccoinsmith.com

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AURELIUS to acquire Exertis UK and Ireland from DCC plc

Aurelius Capital
  • Definitive agreement reached for the acquisition of DCC plc’s Info Tech business in the UK and Ireland
  • Revenue contribution to DCC plc of about £2bn in the year ending on March 31, 2025
  • Latest transaction for AURELIUS with a FTSE100-listed counterparty

London, July 14, 2025 – AURELIUS Private Equity Mid-Market Buyout has entered into a definitive agreement for the acquisition of DCC Technology’s Info Tech business in the UK and Ireland. The division of the leading international sales, marketing and support services group is a distributor of technology products to the Consumer and Business sectors, and a service provider to a diverse customer base as well as a broad range of blue-chip technology vendors.

This acquisition will mark AURELIUS’s latest transaction with a FTSE100-listed counterparty.

In the UK, Exertis is a multi-specialist distributor with significant scale, in Ireland it is a market-leading distributor of technology products and a provider of multi-jurisdictional specialist services. The company plays a central role in the UK & Ireland technology supply chain, owning a best-in-class distribution network in the UK and Ireland which is sustained by state-of-the-art national distribution centres in Burnley/UK and Dublin/Ireland. It has contributed about £2bn in combined revenues to DCC plc in the year ending on March 31, 2025.

After implementation of targeted growth and core operational improvement measures, AURELIUS sees significant earnings growth potential for the business, with infrastructure and processes already in place to deliver it. AURELIUS expects its growth and profitability improvements to be enhanced by a recovery in market demand, which is forecast based on a shifting technology ecosystem that drives positive longer-term tailwinds.

Andrzej Cebrat, Managing Director AURELIUS IV and V, says: “Exertis in the UK and Ireland ticks all of AURELIUS’ boxes: with £2bn in annual revenues it is an attractive size, and it offers significant operational improvement potential. It will allow AURELIUS to play to its strengths by deploying its WaterRise team of specialists to support a return to operational excellence and growth. We are pleased to have found agreement with DCC plc.”

The transaction is subject to customary closing conditions, including regulatory approvals.

AURELIUS was advised by Rothschild & Co (Corporate Finance), Eversheds (Legal), Interpath (Tax), KPMG (Financial) and Kearney (Commercial).

About AURELIUS

AURELIUS is a globally active private equity investor, distinguished and widely recognised for its operational approach. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, particularly expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions. More info: www.aurelius-group.com

AURELIUS media contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7785 722 191

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