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Welcome to the Dakota Fund Spotlight Report, your curated snapshot of the top 10 most compelling funds coming soon or currently in the market. Each month, we will spotlight funds that stand out for their strategy, structure, or sponsor pedigree. Alongside each fund, you’ll find insightful commentary that decodes what these funds invest in, why it matters, and how it fits into broader industry trends.
Top 10 Funds in July 2026
1. Carlyle Partners IX
Carlyle has returned to market with a $15 billion target for its ninth flagship US buyout fund, roughly matching the $14.8 billion raised by its predecessor. The Washington, DC-based firm is working toward a first close by year-end and is offering a 15-basis-point management fee reduction to investors who commit early. Carlyle has also opened a companion vehicle this cycle, a dedicated aerospace, defense, and industrials fund targeting $2.5 billion to over $3 billion, part of a broader pattern among large-cap sponsors of separating their most active sectors into standalone pools of capital.
2. Charterhouse Capital Partners XII
Charterhouse has already exceeded the 1.5 billion euro target on its twelfth flagship fund, though the London-based firm does not expect to reach a final close until after the summer. Disclosed institutional investors include the Virginia Retirement System, the Washington State Investment Board, and the Teachers Retirement System of Louisiana. The strategy remains focused on pan-European services and healthcare businesses valued between 150 million and 1.5 billion euros, building on an initial close of approximately 1 billion euros in early March.
3. TJC Resolute Fund VII
TJC, formerly known as The Jordan Company, is targeting $8.5 billion for its seventh flagship fund, a figure disclosed in materials prepared for a Nebraska Investment Council board meeting. The strategy continues the firm's focus on North American mid- and upper-mid-market companies valued between $100 million and $2.5 billion, with 25 to 28 investments anticipated. The target represents a roughly 24 percent increase over the $6.85 billion closed by predecessor Resolute Fund VI in January 2024, itself above that fund's original $6 billion hard cap.
4. Valor Equity Partners VII
Valor Equity Partners is targeting approximately $2.5 billion for its seventh flagship fund, with a close anticipated before year-end. The New York State Teachers Retirement System has already committed $100 million. The predecessor fund closed at $2.35 billion in August 2024, above its $2 billion target, and a portion of the new fund's capital has already been directed toward SpaceX shares following the company's public listing this month, where Valor holds an approximately 4 percent stake.
5. HSBC NAV Financing Partnership Fund
HSBC Asset Management has secured a $1 billion anchor close for its inaugural NAV lending vehicle, with commitments from insurance companies, pension investors, and entities within HSBC Group. The strategy will remain open to additional commitments through the remainder of 2026 and into 2027, with subsequent reporting indicating a total raise of up to $2 billion is now being targeted. The fund provides financing secured against the net asset value of private equity portfolios across Europe and Asia, managed by HSBC Asset Management's Capital Solutions team in partnership with HSBC Bank plc.
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6. EQT Infrastructure VII
EQT is targeting 21 billion euros, approximately $24.5 billion, for its next flagship value-add infrastructure fund, with the strategy expected to closely mirror its predecessor. That prior vehicle, EQT Infrastructure VI, reached its hard cap of 21.5 billion euros in March 2025. EQT typically begins marketing a successor fund once the prior vintage is 80 to 90 percent deployed, a cadence that has helped grow the firm's total assets to 269 billion euros and underscores infrastructure's standing as one of the fastest-growing institutional allocations.
7. Pantheon Global Infrastructure Fund V
Pantheon has surpassed the $4 billion target on its fifth infrastructure secondaries fund, with the Arkansas Public Employees Retirement System and the State Universities Retirement System of Illinois each contributing $100 million. The fund carries no hard cap, and no final close has yet been announced, leaving room for continued commitments. Its predecessor closed at $5.3 billion in January 2024, part of an infrastructure platform at Pantheon that now totals approximately $26.9 billion in discretionary assets.
8. Bpifrance Blue Sea
France's public investment bank is raising a new vehicle called Blue Sea, designed to take large minority positions of 200 million to 500 million euros in unlisted French and European companies. The fund carries a target of 4 billion euros with the potential to reach 5 billion, and Bpifrance will anchor the vehicle with a 20 to 25 percent commitment of its own. A first close is not expected until late 2026 or early 2027, with fundraising directed primarily at Middle Eastern sovereign wealth funds, North American pension funds, and Asian institutional investors.
9. Copenhagen Infrastructure VI
Copenhagen Infrastructure Partners has begun raising its sixth flagship renewable energy fund, targeting approximately 16 billion euros, or roughly $18.2 billion. The predecessor vehicle closed above its 12 billion euro target in March 2025. CIP's platform now spans 15 funds and approximately 37 billion euros raised from more than 200 institutional investors, and this newest vehicle remains in the early stages of fundraising.
10. Hines European Real Estate Partners IV
Hines is approaching a 500 million euro first close on its fourth European value-add fund, with a full target of up to 2 billion euros to be raised over the next 12 to 18 months. The strategy focuses on living, industrial, office, and mixed-use properties across Europe that Hines views as underperforming or undervalued. Across four vintages, the HEREP series has raised more than 3.4 billion euros in total, including the predecessor fund's close of over 1.6 billion euros in late 2023.
Want to see which allocators are actively investing in funds like these? Dakota Marketplace tracks commitments, mandates, and contact information for thousands of institutional investors. Book a demo here.
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