Fund Friday: Top fundraising news in private equity

Blackstone has raised more than $12bn for its latest Asia-Pacific buyout fund, as the firm continues to attract capital despite a challenging fundraising environment, according to Bloomberg sources.

The fund, Blackstone Capital Partners Asia III, has exceeded its target and is expected to reach final close in the coming weeks, with a cap of $12.9bn.

The fundraising marks a significant achievement at a time when private equity activity has slowed, with higher interest rates and limited exits weighing on investor appetite.

InfraVia Capital Partners has closed its sixth-generation infrastructure fund at its €8bn hard cap, highlighting sustained investor appetite for European infrastructure assets.

The fund exceeded its €7bn target and was raised in just 18 months, marking a significant increase from its €5bn predecessor and underscoring the firm’s fundraising momentum.

More than 50% of commitments came from international investors, with over 80 new limited partners joining the fund, reflecting global confidence in both InfraVia’s strategy and the European infrastructure market.

Partners Group is seeking to raise at least $1bn for its inaugural India-focused buyout fund, as the firm accelerates its expansion in one of the fastest-growing private equity markets globally, according to a report by Reuters.

The Switzerland-based private equity firm is engaging both existing and new investors, with the fund structure expected to be finalised in the coming weeks.

The strategy will operate alongside Partners Group’s global flagship private equity fund, which will continue to deploy capital into India, bringing total potential investment in the market to around $2bn over time.