Tag Archives: Funds

Bencis announces the closing of Bencis VII

Bencis

AMSTERDAM, BRUSSELS, DÜSSELDORF, 31 October 2025

Bencis Capital Partners B.V. (“Bencis”) is pleased to announce the first and final closing of Bencis VII at its hard cap of €625 million.

The fund received strong commitments from existing investors as well as from many founders and managers of Bencis portfolio companies, enabling a swift and successful fundraising process completed within six months. Bencis welcomes a number of new limited partners who have joined to support the firm’s continued growth journey.

Bencis VII will enable Bencis to continue investing alongside entrepreneurs and management teams in the Benelux and DACH regions, supporting them in building stronger and more sustainable businesses.

Over the past 18 months, Bencis has realized eight exits across Bencis IV Continuation Fund, Bencis V and Bencis VI, achieving an average MOIC of 7.0x. These realizations underscore the firm’s proven ability to deliver strong returns through active ownership and close collaboration with portfolio company management teams. Bencis expects further successful exits across all active funds in 2026.

This closing also marks a special milestone in Bencis’ history: exactly 25 years after the launch of its first fund in 2000. Over this period, Bencis has grown into a leading independent investment firm, recognized for its partnership approach and focus on long-term value creation.

“We are grateful for the trust of our investors, founders, and managers who have supported us throughout this fundraising,” said Zoran van Gessel, Managing Partner at Bencis. “The strong demand for Bencis VII is a testament to the enduring relationships we have built over the past 25 years and to our shared belief in partnership and sustainable value creation.

The fund will be managed by the same experienced team that has successfully led previous Bencis funds. Bencis VII will continue to target investments in mid-market companies, supporting them with strategic guidance, operational expertise, and capital for growth.

Bencis was advised by Proskauer Rose LLP and Loyens & Loeff NV.

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SHIFT Invest IV Achieves €92 Million First Close – Rabo Investments Proud to Support

Rabo Investments

Utrecht, 18 July 2025 – Rabo Investments is pleased to announce its participation in the successful first close of SHIFT Invest IV, which has secured an impressive €92 million in committed capital. This marks a significant step forward in advancing climate and nature-positive innovation across Netherlands and Northwestern Europe.

At a time when global attention is divided among numerous pressing issues, the urgency to address climate change, biodiversity loss, and resource depletion has never been more critical.
SHIFT Invest IV is designed to meet this challenge head-on by investing in pioneering entrepreneurs who are building scalable, technology-driven solutions with measurable environmental and financial impact.

With over 15 years of experience in impact investing, SHIFT Invest has a strong track record of supporting early-stage ventures through to successful exits. The fund is fully aligned with SFDR Article 9 standards and is committed to driving systemic change.

Investment strategy of this deal

Stage: Proof of Concept, Seed, Series A
Business Models: Software, hardware, or hybrid
Focus Areas: Energy, Industry, Mobility, Food & Agriculture
Geography: The Netherlands and Northwestern Europe
Initial Ticket Size: €250K – €4M

SHIFT Invest IV is well on track to reach its €150 million target. Rabo Investments is proud to be part of a strong coalition of investors and ecosystem partners, including Invest-NL, Royal Schiphol Group, regional development agencies such as Oost NL, BOM, ROM Utrecht Region, NV NOM, LIOF, IFG, and knowledge institutions like Delft Enterprises, TNO Ventures, and Wageningen University & Research. The fund is also supported by European funding, family offices, and mission-driven entrepreneurs.

“We are proud to support SHIFT Invest IV in scaling the next generation of climate and nature-positive ventures. This fund exemplifies our commitment to accelerating the transition to a sustainable economy,” said Laura Alberga Berendsen, Director Fund- & Co Investments, Rabo Investments.

 

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Ardian raises $20bn to power essential European infrastructure

Ardian

Fundraise underlines growing investor interest, with the United States being the largest investor base, in the European infrastructure asset class
• Ardian Infrastructure Fund VI is 90% larger than its predecessor, reflecting strong investor confidence in Ardian’s differentiated strategy and track record
• The fund’s success will continue to rely on investment in essential infrastructure across three verticals: energy, transport and digital infrastructure

Ardian, a world-leading investment firm, today announces it has raised $20 billion for its latest flagship infrastructure platform set to invest predominantly in Europe. It is Ardian’s largest infrastructure platform to date, composed of Ardian Infrastructure Fund VI (AIF VI), which reached its hard cap of $13.5bn (€11.5bn), and co-investments alongside the fund. AIF VI is 90% larger than the previous generation, Ardian Infrastructure Fund V (AIF V) , demonstrating growing investor interest and the strength of Ardian’s differentiated strategy.

The successful fundraise cements Ardian’s position as an international leader in essential infrastructure, with its unique investment approach and strong track record, offering one of the most stable and consistent platforms in the market. The fund will continue Ardian’s strategy, developed over two decades, of combining an industrial approach with investment expertise across three verticals that are powering the future and supporting Europe’s competitiveness: energy, transport and digital infrastructure.

Despite a challenging fundraising environment which has seen infrastructure funds raise over longer periods of time than prior years, AIF VI was raised in two years with an increase of 90% on the previous generation.

The fund attracted strong interest from both existing and new investors across the globe, with commitments from 229 limited partners (LPs) in Europe, North America, APAC and the Middle East. The fund saw the biggest increase in commitments from investors in the United States, with the number of US investors more than doubling and accounting for 14% of capital raised, up from $1bn in AIF V.

This comes amid growing US investor appetite for investing in Europe. Asian investors also showed strong interest, accounting for 32% of the capital raised, including many key Australian investors for the first time.

The number of investors in AIF VI doubled compared to AIF V. Investors having re-upped into AIF VI increased their commitments in average by c.40%.

Ardian has $47 billion in assets under management (AUM) for its infrastructure strategy covering the European and American essential infrastructure market as well as thematic funds related to the energy transition. The team counts 80 investment professionals who work with a strong network of operating partners. Ardian’s strong, multi-local team includes a market-leading data science capability, which has led to the development of proprietary Ardian tools including OPTA, which uses data to optimize the performance of wind assets, and Ardian AirCarbon, a proprietary emission quantification and reduction tool for the aviation industry.

AIF VI has already successfully deployed more than 40% of its capital, including in landmark infrastructure assets like London Heathrow Airport – Europe’s largest airport – where Ardian is the largest shareholder. Building on Ardian’s expertise in airports, the team, together with Finint Infrastrutture announced the signing of the agreement for the joint indirect acquisition of Venice Airport.

Additional AIF VI investments include:

•    Verne: A UK-headquartered data center platform, powered entirely by decarbonised energy.
•    Attero: a leading European waste management and circular economy platform, which is currently developing a 640 kilo-tonnes per annum of carbon capture and storage project on its Moerdijk plant.
•    Akuo: a pioneer in the renewable energy sector, specializing in wind power, photovoltaics and storage, with 1.9GW of installed capacity across Europe.
•    Energia Group: one of the largest energy utilities on the island of Ireland serving almost 900,000 homes and businesses.

“More than ever, clients expect from us high absolute returns decorrelated from financial market. Amid Ardian’s continued strong performance, this milestone fundraise reflects the success of our differentiated strategy that we have applied consistently since inception 20 years ago. We have expanded into new geographies while maintaining a clear and selective focus on essential and capital intensive assets in three key sectors: energy, transport and digital infrastructure. Our asset management approach is precise: value creation must come from operational improvement, not market cycles. In a market that rewards clarity and conviction, our approach has stood the test of time, and our strategy remains consistent, differentiated and rooted in a long-term view to create value.” Mathias Burghardt, Executive Vice-President, CEO of Ardian France and Head of Infrastructure, Ardian.

“The scale and speed of this fundraise highlights not only the market-leading position of Ardian’s Infrastructure team, but also the attractiveness of the asset class, offering resilience in a world that is anything but predictable. We continue to see strong confidence around the world, particularly in European infrastructure as a standout asset class, with a notable increase in interest among investors outside of Europe, especially the US and APAC. Investors that have a track record of applying industry expertise to deliver value creation are winning in this environment.
“We would like to thank our investors for their continued support and new LPs for their trust, which has allowed us to more than double the size of our platform.” Jan Philip Schmitz, Executive Vice-President and Head of Investor Relations, Ardian.

About Ardian

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,860 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.

At Ardian we invest all of ourselves in building companies that last.

ardian.com

Press contact

Headland

ardian@headlandconsultancy.com 

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819 Capital Partners launches 819 Seed Fund!

819 Capital Partners

Deventer, 9 October 2025 – 819 Capital Partners announces the launch of 819 Seed Fund, a new €9 million fund established with support from the Netherlands Enterprise Agency (RVO).

819 Seed Fund is designed to address the growing demand for venture capital among early-stage deep tech and med tech companies, offering ticket sizes from €250k – €1.5M. Its mission is to help entrepreneurs develop, validate, and scale breakthrough technologies in the Netherlands.

By investing at this critical stage, we aim to strengthen the Dutch startup ecosystem and support entrepreneurs shaping the future of technology.

For more information: https://819-capital.com/819-seedfund/

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Bain Capital Closes Fourteenth Flagship Private Equity Fund at $14 Billion

BainCapital

Successful fundraise reflects the strength of Bain Capital’s global private equity platform, which combines scale with a differentiated investment strategy and now manages more than $27 billion across its latest vintage of North America, Europe, and Asia funds

BOSTON – October 3, 2025 – Bain Capital today announced it completed fundraising for its latest flagship private equity fund, Bain Capital Fund XIV, (“Fund XIV”), with $14 billion in total commitments, including approximately $11.8 billion of external commitments exceeding its original target of $10 billion. In keeping with the firm’s heritage across all of its funds, Bain Capital-related entities committed the balance of the capital and collectively are its single largest investor.

Together, Fund XIV and the recently closed Europe VI (2023) and Asia V (2023) private equity funds represent more than $27 billion of committed capital. Bain Capital’s private equity platform, which manages approximately $68 billion in total assets, combines the scale of a global leader with the agility of regionally focused funds and the connectivity of a fully integrated global team. This fundraise also reflects the continued confidence investors place in disciplined, durable platforms with strong alignment and a consistent record of performance across cycles.

Fund XIV is the latest vintage of Bain Capital’s global private equity business, a strategy the firm has executed consistently since 1984. Over four decades, Bain Capital has partnered with management teams to help companies grow and transform by driving operating improvements, unlocking transformational change, and achieving sustainable scale. The private equity team invests across five core verticals — Consumer, Healthcare, Industrials, Services, and Technology — and regularly draws on the insights and capabilities of the broader Bain Capital platform.

“Bain Capital’s ability to help companies reach their full potential, even in complex environments, has been the foundation of our private equity strategy for more than four decades,” said Chris Gordon, Partner and Global Co-Head of Private Equity. “Our growth-oriented approach connects global insight with deep industry expertise, empowering people across our firm and our portfolio companies to unlock transformational change and achieve sustainable scale. We are one hands-on, collaborative, and integrated team across our platform, which is particularly well-suited for today’s market. With the continued support of our investors and the strength of our global platform, Fund XIV positions us to carry this work forward and continue to create lasting impact.”

“In today’s competitive environment, scale without discipline is not enough,” added David Humphrey, Partner and Co-Head of North America Private Equity. “Our strategy has always been to focus on opportunities where Bain Capital can bring a true advantage — pairing sector specialists with cross-platform insights and the resources of our global team. That approach has enabled us to generate meaningful liquidity for our investors even in one of the most challenging exit markets since the financial crisis. Looking ahead, we remain focused on supporting transformation, driving growth, and continuing to serve as a trusted partner to leading businesses across the globe.”

Bain Capital’s global private equity platform brings together more than 330 investment and portfolio professionals worldwide, including a dedicated Portfolio Group of nearly 90 specialists. This team combines deep sector expertise with functional capabilities in areas such as digital transformation, supply chain, and talent, and works side by side with investment teams and management from diligence through ownership. This differentiated, hands-on model — with roughly 80% of value creation over the past decade driven by operating improvements rather than financial engineering — has enabled Bain Capital to build enduring businesses and deliver consistent results across market environments.

About Bain Capital 
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

 

Media Contacts

 Scott Lessne / Charlyn Lusk

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CVC raises €10.4 billion for its European direct lending strategy

CVC Capital Partners

CVC Credit, the global credit management business of CVC, is pleased to announce the final close of its fourth European Direct Lending fund (“EUDL IV”)

CVC has raised €10.4 billion1 to deploy across the European Direct Lending opportunity, representing a significant increase over CVC’s prior European Direct Lending funds, which raised €6.3 billion1 in 2022 and €1.3 billion1 in 2020.

The growth of CVC’s European Direct lending platform has been underpinned by CVC’s deep local relationships across its network of sixteen European offices, and CVC’s focus on Europe for over forty years.

Rob Lucas, CEO at CVC said: “This is an excellent outcome for our latest European Direct Lending fund reflecting strong investment performance and deep and longstanding relationships with the highest quality institutional investors.

Quotes

This is an excellent outcome for our latest European Direct Lending fund reflecting strong investment performance and deep and longstanding relationships with the highest quality institutional investors

Rob LucasCEO, CVC

“CVC’s Credit platform benefits greatly from our international network of 30 local offices and its deep investment expertise. We are the number one CLO manager and a top three Private Credit manager in Europe. Our Liquid and Private Credit strategies have grown consistently over recent years and together now account for nearly a quarter of CVC’s total assets under management. We continue to see a significant number of opportunities for further growth in our Credit platform and forms a key part of our broader ambitions in Insurance and Private Wealth.”

Andrew Davies, Managing Partner, Head of CVC Credit, said: “We are extremely grateful for the continued trust and support of CVC’s global investor base. The European private credit market has developed significantly in recent years, driven by structural tailwinds and the increasing relevance of private credit within the wider credit ecosystem. We have capitalised on this market shift to scale our platform and deepen our resources, establishing CVC Credit as one of the top three private credit players in Europe.

“Looking ahead, our focus remains on delivering compelling financing solutions for Europe’s leading financial sponsors. By leveraging the insights from CVC’s leading Private Equity platform and the strength of the wider CVC Network, we are ideally positioned to act as a reliable long-term partner and to continue to take advantage of the significant European credit opportunity.”

EUDL IV has already made strong progress, committing to more than 30 investments. Recent transactions completed by EUDL IV include: KKR’s buyout of Immedica Pharma; the acquisition and growth strategy of smartTrade; Cinven’s acquisition of idealista; acting as sole lender for the acquisition of Innovative Beauty Group; and, supporting the delisting of Alpha FMC from the AIM market of the London Stock Exchange by Bridgepoint.

CVC Credit manages total assets of more than €48 billion (€43 billion of fee paying AUM) across its Liquid Credit and Private Credit businesses. The Private Credit platform comprises its European Direct Lending and Capital Solutions strategies with assets of more than €18 billion.

1. Taken together with parallel investment funds and accounts

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Apollo Expands Wealth Platform with Three Evergreen ELTIFs, Unlocking Broader Access to Private Markets

Apollo logo

Apollo European Private Credit ELTIF, Apollo Global Diversified Credit ELTIF and Apollo Global Private Markets ELTIF Receive Regulatory Authorization

Launch Provides Investors in EMEA as well as Asia and LatAm with Greater Access to Institutional-Quality Private Markets Strategies Under the ELTIF 2.0 Regime

LONDON, Sept. 24, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has received regulatory authorization to launch three new evergreen, semi-liquid European Long-Term Investment Funds (“ELTIFs” or the “Funds”):

  • Apollo European Private Credit ELTIF (“AEPC ELTIF”), an evergreen, semi-liquid fund that will seek to provide investors with attractive income from newly originated, primarily first-lien, senior secured direct lending to large-cap and upper middle-market European companies
  • Apollo Global Diversified Credit ELTIF (“AGDC ELTIF”), an evergreen, semi-liquid fund that will seek to provide investors with attractive income through a global, multi-asset credit strategy. The fund is designed to invest dynamically across private credit sectors, including direct lending and asset-backed finance
  • Apollo Global Private Markets ELTIF (“AGPM ELTIF”), an evergreen, semi-liquid fund that will seek to provide investors with long-term capital appreciation by investing in private companies globally via secondaries and co-investments sourced across the Apollo platform

Apollo expects to bring the ELTIFs to market in the coming months via the Apollo Private Markets Umbrella SICAV, having received authorization from Luxembourg’s Commission de Surveillance du Secteur Financier (“CSSF”). With these launches, Apollo’s Global Wealth business will have eight evergreen Luxembourg products available on its platform, where it continues to build a full suite of solutions and turnkey access points to institutional-quality private markets strategies that are available to investors in Europe, Asia and Latin America, subject to applicable local law and investor eligibility requirements.

The three new products will launch under the ELTIF 2.0 fund regime, providing individual investors with greater access to Apollo’s private markets expertise via tailored, evergreen formats and broader distribution channels.

Veronique Fournier, Head of EMEA Global Wealth, said: “With these three new ELTIFs, we continue to bring the best of Apollo’s investing expertise to wealth investors in Europe and around the world, in product formats tailored to their needs. Apollo has been an early mover under the ELTIF regime, launching the closed-end ACT Equity ELTIF in 2023, and we’re thrilled to now have authorization for three new evergreen formats under the 2.0 regime.”

Fournier continued, “In our Global Wealth business we continue to expand our holistic suite of solutions to meet growing demand from investors seeking to build diversified portfolios with meaningful private markets exposure.”

Apollo’s Global Wealth business reported $9 billion of inflows in the first half of 2025, across 18 separate strategies. The business continues to invest in its product and distribution, growing global team and educational resources to bring turnkey access to diversified private markets.

To learn more about Apollo’s Global Wealth business, please visit Apollo.com/Wealth.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

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EQT broadens access to private markets for individual investors – introduces ELTIF evergreen fund

eqt

EQT Nexus ELTIF Private Equity

  • EQT introduces a European Long-Term Investment Fund (ELTIF) structure to its Nexus evergreen product suite – providing a new way to access private markets to more non-professional individual investors across the EU and EEA
  • EQT Nexus ELTIF Private Equity aims to provide exposure to a globally diversified portfolio of EQT’s well-established Private Capital strategies investing across healthcare, technology, and services
  • EQT Nexus ELTIF Private Equity marks an important step in EQT’s European Private Wealth strategy, enabling strategic distribution partnerships in key growth markets

ELTIF 2.0 (“ELTIF”) is a European Union legislative regime for a regulated fund structure designed to channel capital into long-term, illiquid asset classes, such as private equity, infrastructure and real estate, enabling access for both eligible individual investors and institutions.

EQT Nexus ELTIF Private Equity (the “Fund”) is an extension of the existing EQT Nexus evergreen product suite. The Fund can give individual investors exposure to a similar portfolio as institutions, focused on EQT’s Private Capital strategies spanning early-stage investments, growth and large-scale buyouts, investing in healthcare, technology, and services across Europe, North America, and Asia-Pacific.

The ELTIF regulatory framework expands access to private markets for the non-professional investor category, increasing coverage to more countries within the EU and EEA, and at a lower minimum investment threshold than traditional private asset structures. Like EQT’s broader platform of evergreen products, the Fund will be made available via third-party distributors, including private banks and wealth platforms, with third party subscriptions starting in November 2025.

Peter Beske Nielsen, Global Head of Private Wealth & Evergreen Solutions at EQT, said: “The launch of EQT Nexus ELTIF Private Equity is an exciting evolution of EQT’s European Private Wealth offering, paving the way for new strategic distribution partnerships and client segments that are meaningfully under-allocated to private markets. Today, many individual investors’ portfolios are concentrated in shares, bonds, and mutual funds with publicly listed companies – even though public markets only account for a fraction of the total investable economy. The ELTIF expands access to private markets for non-professional investors across the EU and EEA, enabling broader diversification beyond traditional public holdings.”

With the launch of EQT Nexus ELTIF Private Equity, EQT’s evergreen platform now includes five evergreen solutions, including private equity, infrastructure and real estate strategies and solutions available to eligible individual investors and institutions in a number of jurisdictions in Europe, Asia-Pacific and the Americas.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the Fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Contact
EQT Press Office, press@eqtpartners.com

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Platinum Equity Completes Capital Raising for Second Lower Middle Market Fund

Platinum

LOS ANGELES (Sept. 5, 2025) – Platinum Equity confirmed today the recent completion of capital raising for Platinum Equity Small Cap Fund II, L.P., its latest fund focused on investment opportunities in the lower middle market. The fund exceeded its target of $1.75 billion and closed with $2.28 billion in commitments.

It employs Platinum Equity’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capabilities and is being deployed by the firm’s dedicated lower middle market investment team, which was established more than a decade ago to focus on the space as the firm’s flagship funds moved upstream into larger deals.

“We’ve built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities. The team has deep roots and tremendous momentum, and the overwhelming response to our latest fund is a testament to that.”

Tom Gores, Chairman and CEO, Platinum Equity

“We’ve built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities,” said Platinum Equity Chairman and CEO Tom Gores, who founded the firm in 1995. “The team has deep roots and tremendous momentum, and the overwhelming response to our latest fund is a testament to that.”

The firm’s lower middle market team comprises more than 40 M&A and Operations professionals across North America and Europe. The group specializes in transactions involving founder- or family-owned businesses, complex corporate divestures, public-to-private transitions, and acquisitions from a diverse range of private sellers. Recent acquisitions include home appliance distributor R&B Wholesale Distributors, Italian pesto maker Polli, and HVAC/R distributors Global and MARS.

Small Cap II marked Platinum Equity’s second successful capital raise in back-to-back years. The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4 billion in capital commitments. The firm has raised more than $47 billion in equity commitments from institutional investors since launching its funds business more than two decades ago.

Simpson Thacher & Bartlett LLP is Platinum’s fund counsel and legal adviser for Small Cap II.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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Blackstone Strategic Partners Closes Largest Infrastructure Secondaries Fund Ever Raised at $5.5 Billion

Blackstone

NEW YORK – September 2, 2025 – Blackstone (NYSE:BX) announced the final close on $5.5 billion for its latest infrastructure secondaries fund, Strategic Partners Infrastructure IV L.P., and its related committed program vehicles. SP Infrastructure IV is the world’s largest dedicated infrastructure secondaries fund raised to-date.

Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: “This fundraise reflects the breadth of our platform, the power of the Blackstone Strategic Partners brand, and our commitment to generating strong risk-adjusted returns for our investors. The substantial scale we’ve built over two decades positions us well to capitalize on the growing opportunity set across the infrastructure secondary market.”

Mark Bhupathi, Senior Managing Director and Head of Strategic Partners Infrastructure, said: “We are incredibly grateful to our investors for their continued support. With our scale, global reach, and deep insights, we look forward to deploying this capital in one of the fastest growing segments of the secondary market.”

About Blackstone Strategic Partners 
Blackstone Strategic Partners is a global capital solutions provider, with $91 billion of investor capital under management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms.

Contact
Paula Chirhart
Paula.Chirhart@Blackstone.com

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