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 closes · Past 90 days

43 closes · $83.7B

#	Manager and fund	Size	Market	Reported	Source
1	Intermediate Capital GroupICG Europe Fund IX · Final close	≈$13.2B	Credit	Sep 9	Alternative Credit Investor 3 sources
2	Ares ManagementPathfinder III · Final close	$12.7B	Credit	Aug 11	Alternative Credit Investor
3	Tikehau CapitalEuropean Direct Lending Fund VI · Final close	≈$5.7B	Credit	Jul 24	Alternative Credit Investor 5 sources
4	BridgepointBridgepoint European Direct Lending Fund IV · Final close	≈$5.6B	Credit	Aug 3	Private Equity Wire 5 sources
5	Audax Private DebtFund III · Final close	$5.4B	Credit	Sep 30	AltAssets 8 sources
6	Manulife I ComvestFund VII · Final close	$5.4B	Credit	Aug 3	Private Debt Investor 3 sources
7	Ares ManagementFund I · Final close	$4.2B	Credit	Oct 1	Bloomberg 4 sources
8	Jefferies Credit PartnersFund I · First close	$4B	Credit	Sep 9	Alternative Credit Investor 5 sources
9	Cheyne CapitalCheyne Real Estate Credit Holdings (CRECH) IX – Capital Solutions · Final close	≈$3.3B	Credit	Sep 23	Alternative Credit Investor 4 sources
10	GoldenTree Asset ManagementPrivate Credit Fund II · Final close	$2.8B	Credit	Jul 20	Alternative Credit Investor 5 sources
11	EurazeoEurazeo Direct Lending Fund VI · Final close	≈$2.5B	Credit	Aug 18	Private Debt Investor
12	Oaktree Capital ManagementOaktree Asset-Backed Finance Fund I · Final close	$2B	Credit	Oct 1	Alternative Credit Investor 3 sources
13	BNP Paribas AM AltsFund II · Final close	≈$1.3B	Credit	Sep 7	Infrastructure Investor 2 sources
14	GCM GrosvenorFinal close	$1.2B	Credit	Jul 24	Private Debt Investor 3 sources
15	AllianzGIAllianzGI Impact Direct Lending Fund · Final close	≈$1.1B	Credit	Sep 9	New Private Markets
16	Nuveen Green CapitalNuveen CPACE Lending Fund IV · First close	$1B	Credit	Aug 25	Alternative Credit Investor 7 sources
17	SlateFinal close	$1B	Credit	Jul 30	Private Debt Investor
18	SagardCredit Partners III · First close	$1B	Credit	Jul 15	Private Debt Investor 6 sources
19	Prospect RidgeFund II · Final close	$800M	Credit	Aug 19	PERE
20	PennantPark Investment AdvisersPennantPark Credit Secondary Fund · Final close	$745M	Credit	Sep 11	HedgeCo Insights
21	Dwight CapitalFinal close	$723M	Credit	Sep 17	Business Wire
22	Claret Capital PartnersClaret European Growth Capital Fund IV · Final close	≈$631M	Credit	Sep 7	Alternative Credit Investor 3 sources
23	Crestline ManagementCrestline European Capital Solutions Fund II · Final close	$625M	Credit	Aug 20	Alternative Credit Investor 3 sources
24	BridgeInvestBridgeInvest Specialty Credit Fund V · Interim close	$612M	Credit	Aug 27	Alternative Credit Investor 4 sources
25	BalbecBalbec NPL Fund V · First close	$560M	Credit	Aug 29	Private Debt Investor
26	Pluto FinanceLending Vehicle VIII · Interim close	≈$550M	Credit	Sep 8	Alternative Credit Investor
27	Kotak Alternate Asset ManagersKotak Yield & Growth Fund · Final close	$522M	Credit	Sep 23	HedgeCo Insights 2 sources
28	Granite AsiaLibra Hybrid · Final close	$500M	Credit	Sep 9	Private Equity Wire
29	OnexOnex Structured Credit Opportunities Fund II · Final close	$500M	Credit	Aug 7	Alternative Credit Investor 2 sources
30	Fidelity InvestmentsFidelity Real Estate Debt Opportunities Fund II · Final close	$451M	Credit	Sep 29	Alternative Credit Investor
31	Northleaf Capital PartnersNorthleaf Asset-Based Specialty Finance Fund · Final close	$450M	Credit	Aug 18	Alternative Credit Investor 4 sources
32	Ninety OneAfrica Credit Opportunities Fund 3 · Final close	$404M	Credit	Aug 18	Alternative Credit Investor 5 sources
33	Homestead CapitalHomestead Capital Agriculture Private Credit Fund · First close	$350M	Credit	Aug 14	Alternative Credit Investor 13 sources
34	Prime CapitalPrime Sustainable Infrastructure Debt Fund (PSIDEF) · Final close	≈$335M	Credit	Sep 10	Alternative Credit Investor 2 sources
35	IPFFinal close	≈$265M	Credit	Jul 16	Private Debt Investor
36	BlueOrchardBlueOrchard Climate Action Mobilisation Fund · First close	$250M	Credit	Sep 15	Alternative Credit Investor 7 sources
37	Urban PartnersUrban Partners Credit II · First close	≈$220M	Credit	Aug 17	Alternative Credit Investor 5 sources
38	Polar Asset Management PartnersCRS Fund-II · First close	$215M	Credit	Aug 11	Private Equity Wire 3 sources
39	Channel Capital AdvisorsChannel Capital Cornic · First close	$200M	Credit	Jul 28	ffnews.com
40	Santander Alternative InvestmentsAsset Backed Corporate Lending Fund II · First close	≈$165M	Credit	Jul 7	Alternative Credit Investor
41	Sundaram AlternatesFinal close	≈$145M	Credit	Jul 10	Cafemutual
42	Modulus Alternatives Investment ManagersIndia Credit Opportunities Fund III · First close	≈$37M	Credit	Aug 26	HedgeCo Insights 7 sources
43	Edge GrowthEdge Growth Venture Debt Fund · First close	≈$21M	Credit	Aug 24	Tech In Africa 5 sources

2 more closes were reported in this period without a size and are not ranked. ≈ converted to dollars from another currency. Updated Oct 2, 2:52 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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