FFL Partners closed FFL Capital Partners VI with $1.35 billion in commitments, 50% larger than Fund V and above its $1 billion target, from pensions, institutions, endowments, and family offices; fund focuses on healthcare and tech-enabled services.
Ara Partners closed Ara Energy Fund I at a $2.5 billion hard cap ($1.8B fund + $700M co-investment), drawing from North American and European pension funds, insurance companies, sovereign wealth funds, endowments, and foundations to acquire and optimize conventional energy assets and decarbonize them where economically accretive.
IIFL Capital Asset Management held the first close of ₹500 crore ($52.7 million) for its IIFL Late-Stage Private Equity Fund, with a final close target of ₹1,000 crore ($105.5 million). The fund will back scaled, profitable Indian enterprises.
Monomoy Capital Partners closed its inaugural Monomoy Family Fund at $589 million total commitments, exceeding its $500 million external hard cap, targeting lower-middle-market deals with enterprise values up to $200 million in industrial, consumer and services sectors.