Tikehau Capital has raised over €1bn through a continuation fund to back the next phase of growth for Egis, its global engineering and infrastructure portfolio company.

The transaction is anchored by a consortium comprising Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), alongside co-lead investor Neuberger Berman.

This marks Tikehau’s first continuation fund and the fourth investment from the second vintage of its flagship private equity decarbonisation strategy. The fundraise has propelled total capital commitments for this strategy beyond €2bn, just one year after its initial close, surpassing its predecessor by 1.5x in size.

Coller Capital has closed its latest private credit secondaries fund, Coller Credit Opportunities II (CCO II), with $6.8bn in commitments, marking a new fundraising record in the growing asset class.

The fund will target senior direct lending and high-quality performing credit assets, focusing on both LP-led and GP-led secondaries. With this raise, Coller’s total commitments to credit secondaries now exceed $10.1bn.

“This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries,” said Michael Schad, Partner and Head of Coller Credit Secondaries. “Our disciplined, credit-centric strategy and scale resonate strongly with global investors seeking defensive and diversified returns.”

Read more here.

BlueFive Capital has closed its latest private equity fund at $2bn, targeting high-growth investment opportunities across the Gulf Cooperation Council (GCC) region.

The BlueFive Reef Private Equity Fund will focus on both majority and minority stakes in sizeable businesses and conglomerates across sectors such as healthcare, technology, hospitality, aviation, and industry.

The fund, registered in Abu Dhabi Global Market (ADGM), reflects BlueFive’s ambition to help scale local champions into global leaders. Founder and CEO Hazem Ben-Gacem, the former co-CEO of Investcorp, described the vehicle as a “pivotal” step in broadening the private equity landscape in the Gulf.

Read more here. 

Levine Leichtman Capital Partners (LLCP) has closed its latest flagship vehicle, Fund VII, on more than $3.6bn, surpassing its initial target and marking one of the firm’s largest fundraises to date.

Despite the challenging fundraising landscape, the Los Angeles-based private equity firm received strong backing from both long-standing investors and a diversified pool of new institutional LPs. The close brings LLCP’s capital raised across its platform to over $4bn in the past two years, inclusive of significant co-investment capital.

LLCP’s fundraising momentum is underpinned by its differentiated and uncorrelated investment strategy, robust returns across market cycles, and consistent realisation activity.

Read more here. 

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