AltAssets Private Equity News

Great Hill Partners has hired former Bain & Company exec Sam Liu as director of AI, adding a second senior artificial intelligence specialist this year as the buyout major looks to embed the technology across both its investment process and portfolio company value creation.

Partners Group has secured a $1bn private credit mandate from a major Asian institutional investor, adding to a run of bespoke accounts that has made customised mandates a significant source of new capital for the Swiss private markets manager.

Continuim Equity Partners has more than doubled the size of its flagship fund in two years, closing its third manufacturing and industrial-focused vehicle on $548m after just 32 days in market.

EMERGING and Promethean Investments have launched a $300m-targeting hospitality and experiential entertainment investment vehicle, using a roughly $185m portfolio of identified assets as the foundation for a strategy targeting AI, automation and technology-enabled businesses across the sector.

The Virginia Retirement System has reported a 12.1% net investment return for the fiscal year to June 30, 2026, growing its trust fund to $135.2bn.

Accel has raised $3.5bn across four new early-stage venture funds, reinforcing its long-term conviction that AI is creating a tech supercycle that will accelerate company formation and reshape venture investing globally.

TPG has agreed to acquire a 61.2% controlling stake in South Korea’s largest car rental company, Lotte Rental, from Hotel Lotte and Busan Lotte Hotel in a transaction valued at KRW1.31tn ($925m).

Canyon Partners has completed the final close of its latest US opportunistic real estate strategy on about $570m, beating its initial $500m target.

Apollo S3 has led another single-asset continuation vehicle, backing Monogram Capital Partners' transfer of drinks manufacturer Mountaintop Beverage into a new fund.

Canadian investor Polar Asset Management has secured more than $215m for the first close of its second dedicated significant risk transfer (SRT) fund, expanding a strategy that has emerged as a key way banks are managing regulatory capital while opening a fast-growing niche for private credit investors.