New Fund Launches to Watch in August 2025

September 08, 2025

New Fund Launches August 2025 | Key Opportunities

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New private markets funds got a big boost in August from overseas governments, with Dakota tracking newly launched funds seeking to raise $226B, based on confirmed and estimated targets, marking a significant increase from $80B in July. Private equity continued to dominate, with new funds in the asset class aiming to raise more than $206B, while real estate came in second place for the month with 11 new funds targeting over $12.52B, followed by private credit ($4.3B) and venture capital ($3.1B).

Government-backed investment funds played a huge role in the sharp upswing, led by Germany, which is preparing a €100B ($116B) fund that will invest in strategic sectors including defense, energy, and critical raw materials. The fund, dubbed Deutschlandfonds, or Germany Fund, will be seeded with €10B ($11.6B) of public funds and marketed to international institutional investors to round out the balance with private funds. In Asia, the Japan Investment Corp. sovereign wealth fund is also gearing up to launch a buyout fund in the fall with investment capacity of ¥800B ($5.4B).

Meanwhile, South Korea, through its Ministry of SMEs and Startups, launched the Startup Korea Fund with investment capacity of KRW 640.1B ($458.6M). The fund has so far received KRW 248.8B ($178.3M) from 27 private investors, including COSMAX and Sungkyunkwan University. Targeting regional startups, the ministry also launched the Busan Innovation Scale-up Venture Fund with investment capacity of KRW 101.1B ($73M) and the Chungnam Corporate Growth Venture Fund with KRW 101.1B ($72.7M) of capital commitments from public and private investors. Separately, the Export–Import Bank of Korea is planning to launch an investment fund in the first half of 2026 that will target small and medium-sized Korean exporters to expand their overseas operations. The state-run lender committed to seeding the fund with KRW 200B ($144.1M), taking it closer to a target of KRW 1T ($721M), and it intends to hire an asset manager to operate the fund and raise the remaining amount from the private sector.

In its latest Global Sovereign Asset Management Study, Invesco reported that state-owned investors, specifically sovereign wealth funds (SWF), have been recalibrating their investment strategies and making adjustments in asset allocation, risk management and diversification plans in the face of geopolitical tensions, inflationary pressures and fragmented global trade patterns. The firm's study found that private credit has emerged as one of the beneficiaries of these changes, with 73% of its surveyed SWFs now allocating to the asset class compared with 65% in the prior-year period. "Once a niche allocation, it is increasingly viewed as a strategic pillar offering higher yields, bespoke structuring, and with lower volatility and correlation to public markets," Invesco wrote.

"Private credit plays to our strategic advantages of patient capital," a Middle East-based sovereign investor told the firm. "This allows us to access opportunities that require longer holding periods, bespoke structuring, or greater flexibility – advantages that are increasingly valuable in today's dislocated market environment."

Read on for a full rundown of all the month’s new private markets funds.

Private Equity

CVC Capital Partners shared in its midyear activity update its plan to launch a follow-up to the world's largest private equity fund in the first quarter of 2027. Europe/Americas X will follow Europe/Americas Fund IX, which closed in 2023 with €26B ($30.27B) in total capital commitments.
Clayton, Dubilier & Rice is reportedly in talks with investors as it considers the launch of a follow-up to its 12th global flagship fund, which closed at $26B in 2023. The New York-based private equity company is said to be considering the launch of the fund as deployment of Clayton, Dubilier & Rice Fund XII reaches the halfway point.
KKR reportedly registered in Luxembourg a new fund under its Asia-focused buyout strategy. Filed on August 1, KKR Asia V will follow KKR Asian Fund IV, which closed at $15B in 2021, becoming the largest Asia-focused private equity fund at the time.
Ridgemont Equity Partners is reportedly aiming to raise $2.75B for Ridgemont Equity Partners V, its latest private equity fund. Marketed with the help of Evercore Group, the fund is expected to close in the third quarter.
Warren Equity Partners is reportedly targeting $2.3B for its latest flagship investment vehicle, Warren Equity Partners Fund V. The Jacksonville, FL-based private equity firm tapped Aqueduct Capital Group and Taleo Capital Partners to assist with the marketing of the fund, which received a $150M commitment from the Florida State Board of Administration, according to Dakota data.
Fundamental Advisors registered Fundamental Partners V with the SEC, noting that it sought the assistance of Morgan Stanley Smith Barney, Gallatin Capital, Stifel, Nicolaus & Co., and Neuberger Berman to help market the fund. Fund V will follow the alternative asset manager’s fourth flagship fund, Fundamental Partners IV, which closed in 2022 at $1.43B.
New Mountain Capital is reportedly considering setting up an up to $1B continuation fund dedicated to water infrastructure firm Azuria Water Solutions. The alternative investment firm tapped Goldman Sachs Group to advise on the potential transaction, with unnamed sources cautioning the plan could still change and the firm could still decide to sell a stake of the company.
New York-based private equity firm Eldridge Capital Management started accepting capital commitments for a GP-solutions fund with a $1B target. The firm, a subsidiary of the $70B asset manager Eldrige, is reportedly capitalizing on growing interest for similar investment vehicles.
Private equity firm First Reserve is reportedly aiming to raise $750M for FR Evolution II, its latest mid-cap infrastructure fund. The fund, which follows $465M FR Evolution I, is expected to have an initial closing later in August and a final close in 2026.
Valeas Capital Partners registered Valeas Capital Partners Fund II with the SEC, indicating that the fundraise is not planned to last more than a year. Fund II follows Valeas Capital Partners Fund I, which closed oversubscribed in December 2024 with $600M total capital commitments invested in tech-enabled businesses.
PHT Investment Group launched its inaugural fund with a $500M target earmarked for the modernization of the fresh post-harvest produce supply chain in the US. Targeting capital from high-net-worth individuals, family offices, and institutional investors, PHT Growth Fund has a minimum investment requirement of $2M dollars with a first close planned for when it receives an anchor capital commitment in the $50M to $100M range.
Union Park Capital is aiming to raise $350M for Union Park Capital IV, according to a filing with the SEC. The fund will follow Union Park Capital III, the Boston-based private equity firm's third buyout fund, which closed in 2021 with $250M in committed capital earmarked for lower middle-market investments in the industrial technology sector.
Achmea Investment Management launched the Achmea IM PE Partnership Fund — Healthy People & Planet 2025 with an investment capacity of €250M ($292.1M). The investment firm, a subsidiary of Netherlands-based insurance and financial services company Achmea, will offer the fund to Dutch pension funds and other institutional investors seeking exposure to key impact themes including climate, biodiversity, and nutrition. Neuberger Berman Private Markets is the investment partner for the fund.
AUA Private Equity is targeting $525M for AUA Private Equity Fund III, which is reportedly planned for a close sometime in 2025. The latest amended regulatory filing for the fund showed it had raised $204.4M from 61 investors since it opened for subscription in August 2024. Dakota data shows the fund received $50M from the Illinois Municipal Retirement Fund and $15M from the New York State Common Retirement Fund.
Headland Capital Partners registered Headlands Capital Secondary Fund V with the SEC on August 7. The new fund will follow Headlands Capital Secondary Fund IV, which closed in 2022 with $302M in total capital commitments.

Lower mid-market GP Teleo Capital reportedly set a $300M target and a $350M hard cap for Teleo Capital II, which was first filed with the SEC in June 2023. Fund II, which follows the firm's $250M debut fund, has received a $15M capital commitment from the Los Angeles Fire & Police Pension System, according to Dakota data.
StepStone Group notified the SEC of its plan to raise StepStone VC Wabash Fund II, indicating that the offering is not expected to last for more than a year. Fund II will follow StepStone VC Wabash Fund, which received commitments totaling $240M from the Teachers' Retirement System of Illinois, according to Dakota data.
Mumbai-based Tata Capital's healthcare and life sciences private equity arm, Tata Capital Healthcare Fund, formally opened for subscription its third investment vehicle with a goal of boosting its AUM to roughly $500M. The new fund will follow Tata Capital Healthcare Fund II, which closed at $130M.
Hong Kong-based financial services firm Solowin is teaming up with Singapore-based digital asset manager Antalpha for the launch of a Bitcoin quantitative fund that will target $100M of AUM. The fund will employ a data-driven and algorithmic strategy in trading Bitcoin.
Cryptocurrency exchange OKX launched the X Layer Ecosystem Fund with $100M earmarked for the creation of sustainable on-chain applications. The company will support developers, innovators, and the further improvement of its X Layer blockchain.
Frictionless Capital is aiming to raise $60M for Frictionless Capital Fund II, which was registered with the SEC earlier in August. Through the new fund, the Miami-based venture capital firm is looking to surpass its first fund, which closed in March 2023 with $19.8M from investors including Avalon Capital, Foundation Capital, Franklin Templeton Investments, and Hutt Capital.
BlackRock is planning to expand its secondaries platform with the launch of a new fund targeting LP stakes in existing venture capital funds. The world's largest asset manager filed with the SEC for BlackRock Secondaries & Liquidity Solutions Growth & VC (Cayman), indicating it had not yet begun accepting capital for the fund but expected fundraising efforts to last more than a year.
Porsche Automobil, the parent company of luxury car manufacturers Porsche and Volkswagen, is planning to establish an investment fund that will pursue opportunities in the defense industry and other related sectors. The company reportedly intends to form the fund with unnamed partners.
Abu Dhabi Islamic Bank subsidiary ADIB Capital unveiled the Shariah-compliant investment vehicle ADIB Islamic Trade Opportunities Fund. The fund, which will be offered to professional clients and market counterparties of the fund manager, will target short-duration trade opportunities associated with developed markets, primarily the US and Europe.
San Francisco-based technology investor Vanara Capital launched with a commitment for anchor investment from TPG. The global alternative asset manager, through its TPG Next strategy, will invest in Vanara's debut fund alongside other LPs, including Greg Williams, co-founder, chairman, and CEO of financial services and technology platform Acrisure. Vanara was founded by Neil Kamath and Hayden Lekacz, who were previously with TPG.
BlueFive Capital teamed up with China International Capital Corporation's private equity platform, CICC Capital, on a new fund that will support Chinese companies looking to invest in markets within the Gulf Cooperation Council. The fund will focus on the technology and digital transformation, green energy, advanced manufacturing, and consumer-driven sectors.

Private Credit

Bain Capital filed with the SEC for Bain Capital Special Situations Asia III. Fund II will be marketed with the help of Alpine Capital Advisors and will follow Bain Capital Special Situations Asia II, which closed at $2B in 2022.

Aperture Investors is reportedly aiming to raise a $1B fund under its new asset-backed finance strategy backed by Generali Investments, the asset management arm of Italian insurer Assicurazioni Generali. The fund, scheduled for launch in September, will initially target asset-based finance opportunities from $40M to over $500M in North America, with potential for future expansion in Europe.
Barings has registered its second European middle-market private credit CLO with Irish regulators. The new warehouse follows on Barings' debut CLO in the space, Barings Euro Middle Market CLO 2024-1 DAC, which priced at €380M ($439.6M) in November 2024.
Monroe Capital is planning a $350M collateralized fund transaction (CFO). The private credit investor reportedly sought the assistance of investment bank Jefferies for the transaction, which would be the second CFO for Chicago-based Monroe.
London-based alternative investment firm Fedaia Partners is aiming to raise €250M ($290.2M) for a fund that will target below-par investments in asset-based special situations in Europe. The fund is reportedly expected to hold its first close at the end of September.
Australian financial services firm Aura Group is aiming to raise AUD 200M ($130M) for a property credit fund that will support small- to medium-sized property developers in Australia. The firm reportedly hired Stanley Hsieh, formerly an executive director at MA Financial, to oversee the strategy.
Munoz Ghezlan & Co. is expected to soon launch a $125M private credit and direct lending strategy. Under the strategy, the alternative finance firm will provide flexible capital solutions to underserved borrowers in the US, particularly in the sectors of real estate and small business.
HarbourVest Partners has registered its first private credit secondaries vehicle, HarbourVest Senior Credit Secondaries, with regulators in Luxembourg. One of the most established and sizable players in the secondary market, HarbourVest is currently fundraising for its latest infrastructure secondaries and PE continuation funds and closed its flagship fund for acquiring secondary PE stakes, Dover Street XI, at $15.1B in August of last year.
HPS Investment Partners, which formally joined BlackRock on July 1 following the close of its $12B sale to Larry Fink's asset management giant, has reportedly registered an evergreen credit fund, HPS European Corporate Lending, in Luxembourg.
FCMB Asset Management and TLG Capital are planning to launch the second investment vehicle in their jointly owned private debt fund series, which provides financing to middle-market businesses across Nigeria, with a focus on the healthcare, education, transport and logistics, and clean energy sectors. The fund will follow FCMB–TLG Private Debt Fund Series 1, which received commitments from 16 investors, including pension fund administrators.
Private markets investment management firm Axxes Capital launched interval fund Axxes Opportunistic Credit Fund. Sub-advised by Greywolf Capital Management, the fund has a flexible mandate for opportunistic credit investments, including stressed/distressed, special situations, structured credit, and hard assets.
ICH Asset Management launched ICHAM Defined Growth Fund, Asia's first open-ended fund that focuses on autocall structured products. Offered to accredited and institutional investors, the fund is structured as a Singapore variable capital company subfund looking to generate capital growth in the 9% to 10% range.

Venture Capital

Sapphire Ventures filed with the SEC for Sapphire Ventures Fund VII, the follow-up to its last $2B fund dedicated to supporting growth-stage B2B software startups. The global investment firm indicated that it expects Fund VII will be on offer for less than a year, with the minimum investment set at $5M. The fund manager secured the assistance of Connaught (US) in marketing the fund, and Dakota data shows the new fund has received a $10M commitment from Cincinnati Retirement System.
The parent company of luxury carmakers Porsche and Volkswagen is reportedly in discussions with German telecommunications group Deutsche Telekom regarding a potential anchor investment in a new venture capital fund aiming to raise €500M ($584.3M) for European defense technology companies. The fund would be run by former Deutsche Telekom unit DTCP. The talks follows a recent report that Porsche Automobil is looking to establish an investment fund focused on the defense industry and other related sectors.
Australian venture capital firm Blackbird Ventures is reportedly gearing up for the first close of its sixth fund, which has a target of over AUD 700M ($454.1M).
Australia-based Airtree Ventures raised AUD 650M ($422M) at closing of its fifth fund with commitments from new and existing investors, including MetLife Investment Management, Harvard Management Company, the University of Wisconsin, and Adams Street Partners. Most of the new capital raised will be invested in growth-stage companies, while the remaining AUD 250M ($162M) is allocated to early-stage companies.
Israel-based Team8 Capital, which invests in technology ventures in the cyber, data, financial technology, and digital health sectors, is seeking between $250M and $300M for its third fund, Team8 Capital III. The venture capital firm is reportedly in the advanced stages of the fundraise, with its partners on several meetings with various wealth management firms in and out of Israel.

Avetron Ventures secured INR 20B ($228.5M) in capital commitments for a new fund that will invest in startups with plans for initial public offering over the next five years located across India's Gujarat International Finance Tec-City. The fund, which will formally commence deployment in November with a minimum allocation of $3M, received commitments from investors including family offices, institutional investors, and ultra-high-net-worth individuals across the UAE, the US, and Japan.
Medical Excellence Capital filed for Medical Excellence Capital Partners ll with the SEC, indicating it expects fundraising to last less than a year. Fund II will follow the early-stage life science venture firm's inaugural fund, which closed in 2022 with $145M in capital commitments invested in areas including cell therapy, gene therapy, artificial intelligence/machine learning applicable to drug discovery, synthetic biology, and regenerative medicine.
The Business Development Bank of Canada launched Industrial Innovation Venture Fund II with CAD 200M ($144M) earmarked to support key industrial sectors of the country. The fund will invest in early-stage and high-growth companies, with a primary focus on critical minerals but also interest in sectors such as advanced manufacturing, agriculture technology, food technology, and extractive industries.
Bengaluru, India-based Northpoint Capital Management closed its inaugural fund with $150M in capital commitments. Through the fund, the venture capital firm is looking to invest between $1M and $8M in 15 to 20 early-stage startups utilizing emerging technologies, including artificial intelligence for application in sectors such as financial services, healthcare, logistics, manufacturing, and consumer goods.
IndusBridge Ventures is planning to launch a INR 10B ($113.5M) fund that will support Indian startups in the aerospace, defense and dual-use sectors. The firm intends to wrap up the fundraising by the first quarter of 2026, with an initial closing estimated between INR 3B ($34.1M) to INR 4B ($45.5M) at the end of September 2025.
Chicago-based Portal Innovations is aiming to raise $100M for a fund that will invest in university research that results in early-stage biotechnology and medical technology startups. The investment vehicle will reportedly make pre-seed and seed investments between $250K and $10M.
Amsterdam-based investment company Marktlink Capital completed the fundraising for its third venture capital fund, which reached its €80M ($93.2M) hard cap. The fund will target VC managers investing in high-growth companies in the technology and artificial intelligence sectors.
European venture capital firm Lakestar secured $265M in capital commitments for a new continuation fund that will allow it to inject fresh capital and invite new investors into its portfolio companies. Backers of the new fund include Lexington Partners, Industry Ventures, Performance Equity Management, and other secondary investors.
The Aarhus University Research Foundation's joint venture with Heartland, Norlys, and Salling Group launched an open-ended €80M venture fund that will target research-focused startups. The Delphinus Venture Capital fund will formally launch on September 17, targeting opportunities to participate in the pre-seed to scale-up funding rounds of the startups.
Indian venture capital Speciale Invest completed the fundraise for its third investment vehicle oversubscribed with INR 6B ($68.4M) in total commitments against a target of INR 5B ($57M), more than double the firm's sophomore fund. Over the next four years, Fund III will invest in 18 to 20 early-stage startups in sectors including space, advanced manufacturing, energy, health, and artificial intelligence.
Early-stage investor Norrsken Accelerator announced the oversubscribed closing of Norrsken Evolve with €57M ($66.6M) in total capital commitments from investors including Saminvest, European Investment Fund, and SmartCap Green Fund. The Swedish accelerator allocates €250K ($292.2K) for up-front investments in European startups with a goal to redefine how the region generates energy, rebuild manufacturing, move goods, construct buildings, and produce food and materials.
With backing from investors including the European Investment Fund, AYMO Ventures raised €52M ($60.4M) in total for the AYMO Accelerator Fund and AYMO Growth Fund. The Zagreb, Croatia-based early-stage investor is allocating between €50K and €300K ($58.1K and $348.3M) for pre-seed and seed-stage startups through its accelerator fund and at least €1M ($1.2M) for seed- or Series A stage startups through its growth fund.
CoPeace Capital launched CoPeace Capital Fund II, a growth equity fund with an investment capacity of $60M. Through the fund, the mission-aligned investment firm will support innovation for underserved communities, particularly those aligned with the healthcare and sports sectors.
Veteran Ventures Capital closed Veterans Fund II with $60M in capital commitments, triple the size of its inaugural fund. The new fund – which targets the space, counter-UAS & autonomy, quantum sensing, robotics, edge computing, AI/ML, and cyber sectors – received commitments from the Virginia Innovation Partnership Corporation, the state of Tennessee, university endowments, Hersh Family Investments, family offices, and other wealth management firms.
Amsterdam-based CapitalT reportedly held a first close for its sophomore fund, which has a target of €50M ($57.9M). The Dutch early-stage investor targets pre-seed and seed funding rounds of software startups focusing on climate technology and future-of-work solutions, with a focus on the Netherlands, UK, Sweden, Norway, Denmark, Finland, and Germany.
Atomic Capital raised INR 4B ($45.6M) at closing of its inaugural fund. With an average first-check size of between INR 100M and INR 300M ($1.1M and $3.4M), the fund will invest in early-stage consumer startups, looking to support 10 to 12 companies over the next two to three years.

Artha India Ventures completed the fundraise for its Select Fund with INR 4.32B ($44.4M) in capital commitments, marking an oversubscription against a target of INR 3.30B ($37.8M). The fund is looking to invest in 12 to 14 scale-ups over four years, averaging INR 200M ($2.2M) for each transaction, with a focus on the space technology, applied artificial intelligence, financial technology infrastructure, and premium consumer brands sectors.
Posco Group is launching a corporate venture capital fund with KRW 50B ($35.8M) of investment capacity earmarked for digital transformation and renewable energy. The South Korean steel manufacturer and its venture capital arm, Posco Investment, will provide the capital for the fund, around 20% of which will be allocated to overseas startups.
Smart Infrastructure Ventures launched its second fund, SIVentures II, with investment capacity of €30M ($34.6M) earmarked for early-stage startups focused on innovative technologies in artificial intelligence, information technology infrastructure, and energy. Through the fund, the German venture capital firm is looking to support roughly 30 startup teams in the DACH region of Germany, Austria, and Switzerland.
Japanese mobile gaming firm Gree's investment arm, Gree Ventures, marked the initial closing of its second fund of funds with ¥4.4B ($29.9M) in capital commitments earmarked for venture capital investments in Japan. Gree LP Fund JP 2 has a ¥6B ($40.7M) target, roughly half of the firm's $80M+ first fund of funds.
Backed by institutional investors and a combination of researchers and executives from companies including Nvidia, OpenAI, and Anthropic, San Francisco-based Leonis Capital raised $25M for its new venture capital fund. The firm has previously invested in startups that have achieved unicorn status such as technology company MaintainX.
Scenius Capital co-founder and Managing Partner Ben Jacobs announced the completion of the "slightly oversubscribed" fundraise for a fund with $20M in total capital commitments. The firm, backed by blockchain and digital asset investment firm ParaFi, will target emerging cryptocurrency venture capital funds.
Japan-based Uncovered Fund and Monex Ventures teamed up to launch a venture capital fund with a $20M target earmarked for early-stage startups across the Africa and Middle East and North Africa regions. The Uncovered Monex Africa Investment Partnership will invest in technology-driven startups, allocating between $100K and $2M for each investment.
Chicago-based asset management firm Expanse launched its inaugural fund with investment capacity of $18M. The firm focuses on technology-powered companies, particularly those in the financial technology, health technology, and insurance technology sectors.
Monash University's ventures and investment arm, Monash Ventures, teamed up with Australian private investment company Breakthrough Victoria to launch a pre-seed fund with an investment capacity of AUD 15M ($9.7M). The fund will target companies developed from Monash research with an allocation of up to AUD 1M ($650K) for each company.
Newark, CA-based Lavni Ventures announced the first close and formal launch of Lavni Ventures Fund II, which will target deep-tech startups in the medical technology, educational technology, energy, agricultural technology, and clean technology sectors. The fund is allocating INR 20M to INR 80M ($228K to $912K) for initial investments and INR 80M to INR 150M ($912K to $1.7M) for follow-on capital injections.
India-based 247VC is planning a first close for its inaugural fund in a couple of months. The early-stage venture capital firm is reportedly in talks with an unnamed institutional investor to secure key investment ahead of the initial closing.
India-based Canara Bank's venture capital investment manager, Canbank Venture Capital Fund, is reportedly preparing to launch its seventh fund. Canbank VC started operations in 1989 as one of the earliest VC managers in India.
Portugal-based cryptocurrency venture capital firm Frachtis launched a pre-seed and crypto-native investment fund with capital from investors including Theta Capital, RockawayX, and Cyber Fund. Frachtis Fund I launched with eight completed early-stage investments, focusing on decentralized finance middleware and artificial intelligence infrastructure.
San Francisco-based multi-stage venture capital firm 500 Global launched a sustainable innovation program in collaboration with the Shell Foundation and the UK government. The partnership marked the launch of the initiative with the eight-week Sustainable Innovation Seed Accelerator program in Nairobi for African seed-stage startups.
Las Vegas-based venture capital firm Alumni Ventures launched AI First Fund, a venture capital fund that will invest in artificial intelligence-native startups developed from language models, autonomous agents, and proprietary data.
Melbourne-based Advance VC reportedly secured backers for its planned new fund that will acquire venture capital interest in existing VC funds. The firm, Australia’s first to focus VC fund secondaries, received commitments from Stake founder Matt Leibowitz and Decjuba owner Tania Austin for the new investment vehicle.
Mid-stage venture capital firm Iron Pillar reportedly closed its India-focused second fund with commitment from a key institutional investor. The firm’s current portfolio includes Uniphore, CureFoods, and FreshtoHome.
San Mateo, CA-based venture capital firm Portfolia launched Women's Health Fund IV, its latest investment vehicle dedicated to the women's health market in the US. The fund made its first investment in clinical-stage biotechnology company Gameto.
BlankPage Capital has reportedly started marketing its inaugural fund. The London-based venture capital firm, which will target deep-tech and growth-stage startups in the UK and the wider Europe, did not disclose a target for the fund.

San Francisco-based early-stage venture capital firm Envoy Equity Partners is reportedly raising its debut fund. Chirag Chotalia, a former partner at Threshold Ventures, established the firm equipped with experiences from previous roles at firms including Pritzker Group, The Honest Company, CVC Capital Partners, Charlesbank Capital Partners and McKinsey & Company where he developed expertise in software, real estate, and healthcare.

Real Assets

BlackRock's Global Infrastructure Partners is reportedly aiming to raise $7B for GIP Mid-Market Fund V. The infrastructure investor filed the fund with the SEC on August 12 with the target unspecified, with the subscription period not planned to exceed a year.
Alternative investment manager PAG's real assets business filed with the SEC for PAG Real Estate Partners Fund IV, indicating in the filing that it expects fundraising to last more than a year. PAG Real Assets' Fund IV follows PAG Real Estate Partners Fund III, which closed in 2023 with $1.8B in total capital commitments from 18 institutional investors from North America, Europe, Middle East and the Asia-Pacific.
Australian commercial real estate manager Charter Hall launched an investment vehicle with AUD 2.5B ($1.63B) earmarked for convenience retail properties. The Charter Hall Convenience Retail Fund has so far raised AUD 1.75B ($1.14B) from investors, including 12 mostly domestic institutional and wholesale investors, as well as a GP commitment of AUD 385M ($251.2M).
Sosteneo Infrastructure Partners is looking to double its AUM with the launch of Sosteneo Clean Energy Infrastructure Fund II, which has a target of €1B ($1.17B). The specialist investment manager recently closed its inaugural fund, Sosteneo Clean Energy Infrastructure Fund, with anchor investment from Generali Investments, raising €620M ($724.5M) in capital commitments, along with €80M ($93.5M) of co-investment capital.
Ares Management opened up its Ares Core Infrastructure Fund strategy to wholesale and advised retail clients across Australia. The strategy provides investors with access to a US-regulated business development company with a portfolio of operating infrastructure assets and a total AUM of AUD $1.8B ($1.17B) as of July 1.
Climate Asset Management CEO Martin Berg said the firm is now in the planning stage for a second natural capital fund, which will target $800M. The firm, a joint venture between HSBC Asset Management and Pollination, raised $550M for its first natural capital fund, which invested in six forestry and agriculture projects.
Gateway Capital unveiled Gateway Capital Industrial and Logistics Partnership, a new property fund that will be used for the acquisition of an AUD 800M ($518.9M) portfolio of logistics facilities across Australia's east coast. The investment manager said it has received commitments from major institutional investors for the fund, which will be seeded with assets in Sydney and Melbourne.
Australasian real estate fund manager Centuria Capital intends to launch a new AUD 116M ($75.1M) single-asset industrial fund, the Centuria Port Adelaide Industrial Fund. It will be available to retail, wholesale and institutional investors starting in September, with closing on the property acquisition slated for October.
Westport, CT-based Bedrock Communities filed with the SEC for Bedrock MHC Partners IV, reporting that the fund has so far secured $72.3M from 44 investors since its first sale on August 25. Fund IV follows the $123.3M Bedrock MHC Partners III, which invested in manufactured housing community investments in the Southeastern US.
Real estate investment firm AWH Partners launched a property fund that will target five to 10 income-generating hotels across the US with an allocation of $5M to $15M for each transaction. The firm seeded AWH Strategic Income Fund with $20M and is looking to secure additional capital from accredited investors.
Singapore-based real estate investor CapitaLand Investment is reportedly planning a fund dedicated to India data centers. The firm has been investing in various properties across India, including business parks, data centers, industrial, and warehousing developments.

Multi-asset

LGT Capital Partners is targeting $1.2B for a fund of funds focused on private equity and real estate opportunities across the Asia-Pacific region. The fund will target mid-cap companies and will provide investors access to a diversified portfolio of Asia-focused funds.
Multi-strategy investment firm CapitalSpring is aiming to raise $1B for CapitalSpring Investment Partners VII, which was registered with the SEC on August 8. The new fund follows CapitalSpring Investment Partners VI, which closed oversubscribed in 2022 with $950M in total capital commitments across the main fund and parallel funds.
Iris Capital Partners is aiming to raise $200M for a new private credit and private equity fund, according to managing partner Rachel Lau. The investment firm is looking to formally launch the fund in early 2026 as it shifts focus from venture capital amid market volatility. The fund will invest in international companies looking to expand in Southeast Asia.
Digital asset management firm Re7 Capital is expected to launch a multi-strategy fund with a $100M target in the fourth quarter of 2025. The fund will be offered to external investors and be overseen by founder and CIO Evgeny Gokhberg.