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Churchill Asset Management reached a $1.54 billion final close for Junior Capital Opportunities Fund III, beating its $1 billion target and more than doubling the $737 million raised by its predecessor. Around $665 million came through rated feeder structures for insurance investors.
Stonepeak has completed its acquisition of a 65% stake in Castrol from BP, with BP retaining 35% through a new joint venture. CPP Investments is participating as an indirect minority investor, and former Shell chief executive Ben van Beurden has been appointed chairman.
A quant hedge fund is set to spin out of Tudor in a launch reported at $9bn, described as a record.
Igneo Infrastructure Partners closed the fourth vintage of its European Diversified Infrastructure Strategy at a €6 billion ($6.7 billion) hard cap, above its €4 billion target. More than 90 investors across Europe, Asia Pacific and North America committed.
Infrastructure Investor · also AltAssets, IREI +1
AE Industrial lands an $850M continuation fund for defense distributor Blue Raven.
Benefit Street Partners closed BSPDF 2026-FL6, a managed commercial real estate CLO of around $1.1bn, the third CLO from its Opportunistic Debt Fund II. The deal takes BSP's CRE CLO issuance to roughly $5bn this year and carries a 30-month reinvestment period.
Brightshore Capital, formerly GTIS Partners, acquired DŌMI, a 190-unit luxury multifamily property in Long Island City, Queens, through its Opportunity Zone Fund II. The purchase was financed with a $98.5 million loan from Affinius Capital.
IREI · also Commercial Observer
Capital closed, by asset class · Past 30 days
Largest closes
$127B · 75 closes
The largest closes for this period →
≈ converted to dollars† reports also give a higher figure; the lower is used$127B across 75 closes · 3 more reported without a size
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