League tables

The largest fund closes across private markets, ranked by size. Every row is a close a publication reported, and links to that report.

Credit · Largest final closes · Past 90 days

29 closes · $74.5B

#	Manager and fund	Size	Market	Reported	Source
1	Intermediate Capital GroupICG Europe Fund IX	≈$13.2B	Credit	Sep 9	Alternative Credit Investor 3 sources
2	Ares ManagementPathfinder III	$12.7B	Credit	Aug 11	Alternative Credit Investor
3	Tikehau CapitalEuropean Direct Lending Fund VI	≈$5.7B	Credit	Jul 24	Alternative Credit Investor 5 sources
4	BridgepointBridgepoint European Direct Lending Fund IV	≈$5.6B	Credit	Aug 3	Private Equity Wire 5 sources
5	Audax Private DebtFund III	$5.4B	Credit	Sep 30	AltAssets 8 sources
6	Manulife I ComvestFund VII	$5.4B	Credit	Aug 3	Private Debt Investor 3 sources
7	Ares ManagementFund I	$4.2B	Credit	Oct 1	Bloomberg 4 sources
8	Cheyne CapitalCheyne Real Estate Credit Holdings (CRECH) IX – Capital Solutions	≈$3.3B	Credit	Sep 23	Alternative Credit Investor 4 sources
9	GoldenTree Asset ManagementPrivate Credit Fund II	$2.8B	Credit	Jul 20	Alternative Credit Investor 5 sources
10	EurazeoEurazeo Direct Lending Fund VI	≈$2.5B	Credit	Aug 18	Private Debt Investor
11	Oaktree Capital ManagementOaktree Asset-Backed Finance Fund I	$2B	Credit	Oct 1	Alternative Credit Investor 3 sources
12	BNP Paribas AM AltsFund II	≈$1.3B	Credit	Sep 7	Infrastructure Investor 2 sources
13	GCM GrosvenorFund not named in the reports	$1.2B	Credit	Jul 24	Private Debt Investor 3 sources
14	AllianzGIAllianzGI Impact Direct Lending Fund	≈$1.1B	Credit	Sep 9	New Private Markets
15	SlateFund not named in the reports	$1B	Credit	Jul 30	Private Debt Investor
16	Prospect RidgeFund II	$800M	Credit	Aug 19	PERE
17	PennantPark Investment AdvisersPennantPark Credit Secondary Fund	$745M	Credit	Sep 11	HedgeCo Insights
18	Dwight CapitalFund not named in the reports	$723M	Credit	Sep 17	Business Wire
19	Claret Capital PartnersClaret European Growth Capital Fund IV	≈$631M	Credit	Sep 7	Alternative Credit Investor 3 sources
20	Crestline ManagementCrestline European Capital Solutions Fund II	$625M	Credit	Aug 20	Alternative Credit Investor 3 sources
21	Kotak Alternate Asset ManagersKotak Yield & Growth Fund	$522M	Credit	Sep 23	HedgeCo Insights 2 sources
22	Granite AsiaLibra Hybrid	$500M	Credit	Sep 9	Private Equity Wire
23	OnexOnex Structured Credit Opportunities Fund II	$500M	Credit	Aug 7	Alternative Credit Investor 2 sources
24	Fidelity InvestmentsFidelity Real Estate Debt Opportunities Fund II	$451M	Credit	Sep 29	Alternative Credit Investor
25	Northleaf Capital PartnersNorthleaf Asset-Based Specialty Finance Fund	$450M	Credit	Aug 18	Alternative Credit Investor 4 sources
26	Ninety OneAfrica Credit Opportunities Fund 3	$404M	Credit	Aug 18	Alternative Credit Investor 5 sources
27	Prime CapitalPrime Sustainable Infrastructure Debt Fund (PSIDEF)	≈$335M	Credit	Sep 10	Alternative Credit Investor 2 sources
28	IPFFund not named in the reports	≈$265M	Credit	Jul 16	Private Debt Investor
29	Sundaram AlternatesFund not named in the reports	≈$145M	Credit	Jul 10	Cafemutual

1 more close was reported in this period without a size and is not ranked. ≈ converted to dollars from another currency. Updated Oct 2, 2:16 AM ET.

Capital by market

Final closes · past 90 days

Private equity$100.7B
Credit$74.5B
Infrastructure$44.4B
Venture & growth$34.7B
GP stakes$16.8B
Secondaries$15.5B
Real estate$14.5B

How this table is made

What counts. A fund close that a publication reported, with a named manager and a stated size. Rumoured and expected closes are left out until they happen.
What does not. Hedge funds, continuation vehicles, CLOs and other structured issues, single-investor mandates, evergreen funds, and a manager’s total assets or yearly fundraising. A figure the headline calls a target is not a close.
One fund, one row. Several outlets’ reports of the same close are joined — under whatever name or number each gave the fund — and dated to the first.
Sizes. As reported. A figure marked ≈ was reported in another currency and converted to dollars at the time.
When reports disagree. If outlets give different figures for one fund, the lower is ranked and the row is marked †. The higher is usually a total that adds leverage or single-investor vehicles to the fund itself.
Markets. Growth equity is counted with venture, which is how the reports are filed.
Coverage. From March 2026. It ranks the closes in the stories we carried; it is not a census of every fund.
Corrections. The fields are extracted from the reports by software and can be wrong. Tell us and we will fix the row.

The closes, as they happen.

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