Top storyPrivate equity
Apax Sets $13.5 Billion Target for Fund XII
Apax announces $13.5B target for Fund XII.
Buyout and growth: fund closes, deals and moves across private equity.
Top storyPrivate equity
Apax announces $13.5B target for Fund XII.
TPG Rise Climate II closes at $10bn, bringing firm's climate platform to $17.1bn; fund targets clean energy, EV, and sustainable materials buyouts globally with LPs including NYC Employees' Retirement System and State of Michigan.
Ares closes PE secondaries Fund I at $1.15B.
Harrison Street Asset Management and Kenon Holdings agreed to acquire majority of Vicinity Energy (largest U.S. district energy provider) from Antin Infrastructure Partners at $2.92B enterprise value; Kenon deploying ~$450M equity, consortium securing $1.4B debt financing.
Thompson Street targets $1.7B for Fund VII, a modest increase from Fund VI which closed at $1.5B in 2022.
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