Fundraising

African private equity shows potential across several key regions despite lingering challenges.

Big step-ups in the firm's recent fund sizes may be due to greater LP appetite for co-investing as a way to build private equity exposure on a no-fee, no-carried interest basis.

The new flagship offering's target size is 12% larger than Fund IX, which closed in 2021 on $5.6bn.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.

As Asia-Pacific’s fundraising slump continues, hopes are being pinned on the southeast.

If BCTF reaches its $5bn fundraising target, it could be the largest emerging markets-focused climate impact fund in private markets.

The firm raised $68bn in Q2, bringing inflows over the past 12 months to $140bn, Brookfield’s highest ever in a 12-month period.

With the raise, the flagship is the biggest in Platinum’s 29-year history, exceeding by 26% its 2019-vintage predecessor.

The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.