Fund Friday: Top fundraising news in private equity

Goldman Sachs Asset Management (GSAM) is seeking up to $3bn for its newly launched West Street Climate Credit Fund, a strategy aimed at financing companies supporting the global shift toward a low-carbon economy

The fund will focus on lending to businesses in sectors such as clean energy and sustainable transportation, with an emphasis on North America and Europe.

GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%.

Read more: https://pe-insights.com/goldman-sachs-targets-3bn-for-climate-credit-fund-to-drive-low-carbon-transition/

Ares Management Corporation announced that its Ares European Strategic Income Fund (AESIF) has exceeded €2.2bn in assets under management within its first full year.

The open-ended fund, launched in 2024, provides individual investors in Europe and Asia access to Ares’ European direct lending strategy, raising capital primarily through the wealth channel.

AESIF offers a diversified portfolio of directly originated, senior secured floating-rate loans to businesses across Western Europe. As of December 31, 2024, it has invested in over 230 portfolio companies across various sectors. Designed to deliver stable yields with downside protection, the fund features lower investment minimums compared to traditional alternative investments.

Read more: https://pe-insights.com/ares-european-strategic-income-fund-surpasses-e2-2bn-in-aum-in-first-year/

Balbec Capital closed its latest credit fund, Insolve Global Credit Fund VI, securing over $1.7bn in commitments, making it the firm’s largest fundraising cycle to date.

The fund attracted both new and existing investors, including sovereign wealth funds, pension funds, insurance companies, consultants, and multi-family offices.

Warren Spector, chairman of Balbec, highlighted the strong investor confidence in the firm’s approach, investment process, and analytics. He noted a growing demand for Balbec’s asset-based and specialty finance strategies as investors seek diversification.

Read more: https://pe-insights.com/balbec-capital-closes-sixth-credit-fund-at-1-7bn-marking-record-fundraise/

Warburg Pincus surpassed $1bn in capital deployment from its Capital Solutions Founders Fund, reinforcing its position as a key player in structured private equity investments.

The fund closed in August 2024 with more than $4bn in commitments—over double its initial target. It has been a major vehicle for strategic capital solutions in the private equity sector.

Backed by leading global institutional investors, including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), the fund was designed to provide flexible financing solutions to high-growth companies.

Read more: https://pe-insights.com/warburg-pincus-deploys-over-1bn-from-capital-solutions-fund-amid-strong-private-equity-demand/

Pearl Energy Investments closed its fourth fund, Pearl Energy Investments IV, L.P., reaching its $999.9m hard cap within just four months of launching. The fund was oversubscribed, reflecting strong investor demand.

Founded in 2015, Pearl specializes in providing investment capital for the upstream and midstream energy sectors. The firm typically focuses on investments requiring $50m to $150m in equity capital, while also leading deals exceeding $400m in equity financing.

Read more: https://pe-insights.com/dallas-based-pearl-energy-investments-closes-fourth-fund-at-999-9m-hard-cap-in-four-months/

Mayfair Equity Partners announced the final close of Mayfair Fund III at £500m, bringing its total capital raised since inception to over £2bn. 

The fund secured backing from both existing and new institutional investors, with 60% of commitments coming from North America and the remainder from EMEA.

This successful fundraising allows Mayfair to continue supporting innovative businesses and facilitating their international expansion. Since its first investment in 2015, the firm has made 27 investments, including OVO Energy, LoopMe, and TrustedHousesitters. 

Read more: https://pe-insights.com/mayfair-equity-partners-closes-500m-fund-iii-expanding-investment-portfolio/

 If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. 

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