Fundraising

The firm unveiled plans in June to launch a digital investment assistant for individual investors.

The listed GP stakes and direct lending giant amassed $12.9bn in December for its fifth vehicle, the biggest-ever fund for the strategy.

The European manager was originally seeking €6.5bn for its latest offering.

$1trn in AUM and a $29bn raise are bright spots amid a mixed picture for the market.

Blackstone Capital Partners IX, which had secured $16.62bn at the end of the second quarter, will reach the 'low-$20bn range', president and COO Jonathan Gray said on the firm's Q2 earnings call.

Glow Capital Partners, led by former Quadrant and Adore Beauty executives, this week struck the first deal of its debut fund.

Half-year fundraising dropped by a fifth year-on-year to $315.5bn across just 508 vehicles that held final closes over the period.

The GP stakes and financing solutions platform is backing alternative asset managers across North America, Europe and Asia, CEO Avi Kalichstein tells PEI.

Arctos Keystone's offerings could include tailored GP stake sales, bespoke continuation funds and asset or fund-level recapitalisations, executives from the group tell PEI.

Paul Zuber will be joining as operating partner and North American lead at the UK-headquartered software specialist.