Global Fundraising Trends in June: Private Equity, Credit Funds, and Hedge Funds Lead the Way

In June, alternative asset managers saw a surge in fund raising activity, with open-end, closed-end, and separately managed accounts (SMAs) collectively attracting over $65 billion globally. Private equity firms maintained their dominance in the market, but credit funds are quickly catching up, with each asset class raising $31 billion and $26 billion, respectively.

The largest fund close of the month came from HPS Investment Partners, a $116 billion debt shop, which secured $21.1 billion for its latest loan fund. The fund attracted commitments from prominent investors such as the Teachers’ Retirement System of Louisiana and Los Angeles Fire and Police Pensions.

Partners Group, a Swiss-run private equity firm, also had a successful fund raise, exceeding its $15 billion target for the Partners Group Direct Equity V strategy. This offering focuses on high-conviction stakes in sectors driven by long-term global trends.

In the hedge fund space, Taula Capital made waves with its $5 billion launch, led by ex-Millennium Management portfolio manager Diego Megia. The fund primarily consists of SMAs and focuses on macro and fixed income relative value strategies.

Real estate and infrastructure funds saw smaller commitments in June, with H.I.G. Capital’s H.I.G. Infrastructure Partners raising $1.3 billion in its latest offering. The fund has already made seven investments, with a focus on the middle market segment.

Overall, June was a busy month for fund raising across various asset classes, showcasing the continued appetite for alternative investments in the market.