Growth equity firm PSG secured $8bn in capital commitments across two funds, strengthening its position in the software and technology-enabled services sector.  

The firm’s sixth North American flagship fund, PSG VI, closed at $6bn, marking a significant increase from its predecessor, PSG V, which raised $4.5bn in 2021. Additionally, PSG launched a $2bn continuation fund, PSG Sequel, to support six portfolio companies.

GTCR closed its latest fund, Strategic Growth Fund II (SGF II), at $3.6bn, significantly exceeding its $2.75bn target. 

The oversubscribed fund follows Strategic Growth Fund I, which closed in 2022 with $2.2bn in commitments.

SGF II secured $3.35bn from existing limited partners, including pension plans, endowments, sovereign wealth funds, insurance firms, and family offices, with an additional $225m commitment from GTCR itself.

Read more here.

Neuberger Berman closed its NB Specialty Finance Fund III LP at over $1.6bn, exceeding its initial $1bn target. 

The fund, already 45% deployed, marks a major milestone in the firm’s asset-based finance strategy.

Specializing in high-yield, short-duration investments, the fund focuses on receivables, small business, consumer, and hard assets.

Read more here.

Tikehau Capital secured €1.2bn for the third iteration of its special opportunities strategy, encompassing the final close of its flagship fund, Tikehau Special Opportunities III (TSO III), as well as tailored mandates and dedicated co-investment vehicles.