AltAssets Private Equity News

Gaming specialist Makers Fund has closed its fourth flagship vehicle at $250m – half the size of the $500m Fund III it raised at the height of the last gaming investment cycle in 2022.

Private equity sponsors are increasingly turning to minority stake sales and hybrid capital as pressure to generate distributions collides with a still-challenging exit environment, according to a new market update from White & Case.

Crestline Management has raised $625m for its second European Capital Solutions fund, increasing the strategy’s fund size by nearly 75%.

Machine Investment Group has increased the primary capital in its flagship real estate strategy by more than 40%, closing Machine Real Estate Fund II at its $350m hard cap.

HIG Capital has hired former Oaktree Capital Management and Schroders Capital executives Tim Hsu and Chris Todisco as managing directors in its Capital Formation Group, strengthening its fundraising operation as the $75bn alternatives manager continues to expand its global credit platform.

KKR has agreed to acquire a minority stake in Indian ticketing and entertainment platform BookMyShow, backing the company’s expansion in live events and experiences.

Reach Capital has closed its largest fund to date at $265m amid a further expansion beyond the education technology specialism on which the venture manager built its business.

Floating Point has raised $125m for its third fund, nearly doubling the size of its previous vehicle, as the early-stage investor looks to scale a strategy built around tech-enabled businesses operating in complex, capital-intensive sectors rather than traditional software.

Broadwing Capital has closed its inaugural institutional private equity fund on $440m, beating its $350m target, as the four-year-old manager looks to scale a lower mid-market buy-and-build strategy that has already produced 26 acquisitions.

Homestead Capital has held the first close of its debut commingled agriculture private credit fund, securing a $150m anchor commitment from a large US state pension system as it expands beyond the farmland equity strategy on which it built its $1.8bn investment platform.