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In July, investors committed heavily to infrastructure mega-funds and leading AI platforms, reflecting strong conviction in structural growth themes.
The July 2025 Dakota Monthly Roundup highlights fundraising, commitments, and M&A across private equity, venture capital, credit, and real assets, along with the trends shaping the second half of the year.
Key insights:
Mega-Funds: Global Infrastructure Partners closed >$25B and Stone Point closed $11.5B, both setting platform records; Permira launched its €17B flagship, the largest in firm history.
Generative AI: $8.3B to OpenAI; $10B to xAI; $5B to Anthropic; $100M to Perplexity AI.
Private credit consolidation: BlackRock integrates $190B under its Private Financing Solutions platform via HPS acquisition.
Allocations: Capital flows balanced between yield-oriented, illiquid assets and liquid macro exposures.
Transaction breadth: M&A across technology, healthcare, consumer, energy, financials, and sports.
Written By: Dakota Research
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