In the dynamic asset management sector, staying informed about industry trends and competitors is essential. To meet this need, we've compiled the latest updates from Form D filings into a concise list of new fund launches.
Please note: Form D filings are a probable indication of a new fund launch, but not definitive. For thorough understanding, further research is recommended.
Our focused approach ensures that you gain valuable insights for competitive analysis and trend spotting, without the clutter of irrelevant and stale data. This list serves as a tool for keeping your finger on the pulse of the market, helping you make informed decisions and strategize effectively.
Learn more information about any of these strategies in Dakota Marketplace!
In this article, we are giving you a breakdown of the new fund launches we discovered this month.
Adams Street Global Secondary Fund 8
Adams Street Global Secondary Fund 8 was filed on September 10, 2024 according to Form D filings. Fund 7 closed in 2023 and previously raised over $3.2 billion. Adams Street Partners' Secondaries strategy focuses on providing liquidity solutions to private market investors through traditional and complex acquisitions of limited partner interests, direct company interests, and customized liquidity solutions, leveraging over 35 years of experience and $8.4 billion in secondary assets under management.
Prysm Capital Fund II
Prysm Capital Fund II was filed on September 10, 2024 according to Form D filings. The inaugural growth equity fund closed in 2023 with $305 million raised from public pension funds, corporate pension funds, university endowments, family offices and foundations. Prysm Capital provides flexible growth capital to companies in the technology and consumer sectors, partnering with founders and management teams to drive innovation and build industry-leading businesses. Portfolio companies of note include Rivian, Chowbus, and Clear Street.
Trivest Growth Investment Fund III, L.P.
Trivest Growth Investment Fund III, L.P. was filed on September 12, 2024 according to Form D filings, with a total offering amount of $700,000,000. Trivest Partners offers four private equity funds tailored for founder-led and family-owned businesses: the Mid-Market Fund, Growth Fund, Discovery Fund, and Recognition Fund. These funds provide control or non-control investments based on the company’s stage, from small businesses with potential to large, scaled operations, ensuring growth while preserving the founder’s legacy and flexibility.
Brookfield Catalytic Transition Fund, L.P.
Brookfield Catalytic Transition Fund, L.P. was filed on September 13, 2024 according to Form D filings. According to a June press release, Brookfield is targeting a fundraise of up to $5 billion, with UAE-backed ALTÉRRA already making a $1 billion commitment. An initial closing of $2.4 billion was reported with four additional investors including CDPQ, GIC, Prudential, and Temasek. The Catalytic Transition Fund is the first dedicated fund for transition investing in emerging markets.
Stonepeak Global Renewables Fund II LP
Stonepeak Global Renewables Fund II LP was filed on September 16, 2024, according to Form D filings. Stonepeak closed their inaugural Global Renewables Fund in 2021 with $2.75 raised. Stonepeak is targeting a $5 billion fundraise for Fund II. Stonepeak's portfolio highlights key investments in infrastructure sectors, including Lineage, a global leader in temperature-controlled logistics; Cologix, a North American interconnection platform; Madison Energy, focused on solar energy infrastructure; and TRAC Intermodal, a vital player in the U.S. intermodal supply chain.
Level Structured Capital III, L.P.
Level Structured Capital III, L.P. was filed on September 16, 2024, according to Form D filings. The fund is managed by Level Equity. Level Equity employs three key investment strategies: Core Growth, targeting high-potential, founder-led businesses with $1M in quarterly revenue; Opportunistic Growth, enabling larger investments in top-performing portfolio companies; and Structured Growth Capital, offering flexible credit and equity solutions up to $30M to minimize dilution and support various business needs. Fund II previously raised more than $250 million, invested in 26 companies,a nd had 16 liquidity events since 2017.
Sculptor Real Estate Fund V
Sculptor Real Estate Fund V was filed on September 10, 2024 according to Form D filings. Sculptor Real Estate focuses on identifying investment opportunities across traditional and non-traditional real estate sectors, leveraging its global platform and long-tenured team to target diverse, less correlated assets, emphasizing cash flow and minimal leverage for better risk-adjusted returns. Sculptor is based in New York with offices in London, Hong Kong, and Shanghai.
Leon Healthcare Real Estate Fund, LP
Leon Healthcare Real Estate Fund, LP was filed on September 24, 2024 with an estimated close date of September 6, 2026. Leon Capital Group manages twelve independently operated subsidiaries within its three core divisions: financial services, healthcare, and real estate. The firm is based in Dallas, Texas.
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
April 05, 2024
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