StepStone and Dubai-based ASB Capital launched the ASB StepStone Private Financing Fund, a Shari'ah-compliant, open-ended perpetual vehicle targeting senior secured financing to US middle-market companies.
Oaktree Asset-Backed Finance Fund I achieved final close at $2B target, backed by U.S. public pension plans and sovereign wealth funds; provides flexible capital to originators across equipment leasing, transportation, consumer, real estate, and infrastructure.
Ares Global Structured Solutions Fund (AGSS) closed at approximately $4.2B, significantly exceeding $1B target; provides flexible capital to private managers for GP fund commitments, structured LP commitments seeding new strategies, and succession planning.