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Proterra Investment Partners announced the final close of Proterra Credit Fund 3 at $680 million in total commitments, above its $500 million target. Commitments across the fund and companion vehicles exceed $1 billion. The fund lends exclusively to lower and middle-market food and beverage companies.
Silver Lake and Saudi Arabia's Public Investment Fund have held preliminary discussions about a potential $25bn take-private of Unity Software. Silver Lake already owns about 8% of Unity, and Unity has engaged an investment bank to evaluate its options.
Sagard Private Equity announced the final close of its third emerging manager fund at €520 million, about $600 million, exceeding its €400 million target. The fund is roughly three times the size of its predecessor.
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Permira agreed to acquire a majority stake in Flint Group from General Atlantic in a transaction valued at more than $1.5bn. Flint provides HVAC, plumbing and electrical services across the US and has grown from seven regional brands to 20 brands across 15 states since General Atlantic invested in 2023.
Brookfield Asset Management raised $12bn for its credit division in the third quarter, including $2.4bn for long-term private credit funds and $3.8bn from Brookfield Wealth Solutions. Year-to-date fundraising reached $123bn and assets under management passed $1tn.
Goldman Sachs, Bank of America and Barclays are preparing a $3.1bn debt financing package for CD&R and McKesson's acquisition of Option Care Health, comprising leveraged loans and secured and unsecured bonds. The acquisition values Option Care at about $5.8bn enterprise value, with CD&R taking 51% and McKesson investing about $1.4bn for 49%.
Fairfield Residential raised $648m (€577.9m) in commitments for its open-ended affordable housing preservation fund. ACERA approved a $25m commitment, and the fund targets net returns of 9% to 10% with a 65% leverage cap.
Capital closed, by asset class · Past 30 days
Largest closes
$130B · 79 closes
The largest closes for this period →
≈ converted to dollars† reports also give a higher figure; the lower is used$130B across 79 closes · 4 more reported without a size
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