October Capital Flows Driven by $22B in Allocations and Infrastructure Mega-Raises

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In October, institutional investors continued to deploy capital across private equity, infrastructure, and private credit, with $22B+ in commitments reported. Activity was anchored by mega-fund closes, diversified credit strategies, and large-scale M&A across data centers, healthcare, and consumer sectors.

The October 2025 Dakota Monthly Roundup highlights key allocator activity, headline fundraises, and strategic transactions offering a clear view of how institutions are positioning for stability, yield, and innovation heading into year-end.

Key insights:

  • Institutional Allocations: LPs committed over $22B across buyout and infrastructure vehicles, including Advent GPE XI, Schroders Private Equity, GIP Europe, and Capula Tail Risk.
  • Mega-Fund Closes: Bain closed its $14B flagship; Blackstone neared $12.9B for Asia III; Brookfield and Ardian each raised $20B+ for infrastructure platforms.
  • Credit Strength: CVC Credit ($1.7B), Dawson ($2B), and Castlelake ($2B) marked strong demand for opportunistic, dislocation, and aviation lending strategies.
  • AI & Venture Activity: Deals and new funds focused on applied AI, climate-tech, and autonomy backed by global LPs and strategic partners.
  • M&A Highlights: Aligned Data Centers’ $40B sale, Hologic’s $18.3B take-private, and the $36B Mars–Kellanova spinoff led a diverse wave of cross-sector transactions.

Download the October 2025 Monthly Roundup here!

Written By: Dakota