Weekly Update: Leading Private Equity Fundraising Developments
In the world of private equity, several notable firms have recently announced new funds and achieved significant milestones.
Garnett Station Partners has closed its latest private equity fund, GSP 5.0, at an impressive $1.2bn. The firm will continue its strategy of partnering with founders and management teams to scale businesses across various sectors, including consumer and business services, health & wellness, automotive, and food & beverage.
Meanwhile, ICG, a firm that has demonstrated strong fundraising performance in recent years, has closed its new fund, ICG Strategic Equity Fund V. This fund more than doubles the size of its previous fund, which closed at $5.3bn in 2022. ICG Strategic Equity Fund V will continue investing in single-asset continuation vehicles for high-quality companies across North America and Western Europe.
ICG's recent achievements include raising $0.5 billion for its Real Estate Equity "Metropolitan" fund and closing its first vintage of LP Secondaries fund oversubscribed at $1.0 billion. For the financial year ended March 2024, ICG reported $112 billion in assets under management (AUM) and an 8% increase in fee-earning AUM. As of August 2025, ICG's AUM reached $123 billion.
CVC, another prominent player in the private equity sector, closed its third-generation Strategic Opportunities fund at €4.61bn. This latest fundraising pushes total commitments across the platform's three vintages to over €13bn.
Regarding Carlyle Group, details about its latest infrastructure-focused vehicle, Carlyle Global Infrastructure Opportunity Fund II, remain confidential. However, it is known that the firm has begun preliminary discussions with potential investors for this fund.
Northleaf Capital Partners has closed its third private credit fund, Northleaf Private Credit III (NPC III) and related managed accounts, raising over $1bn. This closing pushes Northleaf's private credit platform past $6.5bn in total assets. NPC III provides investors with exposure to both senior and junior private credit investments, emphasizing strong contractual cash yield, conservative leverage, and robust lender protections.
Unfortunately, recent fundraising news for CVC Group, Carlyle Group, Garnett Station Partners, and Northleaf Capital Partners could not be found in the provided data. If more updated or specific fundraising data are required for these firms, further research may be necessary.
Lastly, it is worth noting that ICG Strategic Equity has committed over $19bn to GP-led secondaries since 2014. The firm's latest GP-led secondaries fund, ICG Strategic Equity Fund V, has secured $11bn, surpassing its $6bn target. The fund is oversubscribed and brings the firm's total assets under management to over $3.5bn.
These fundraising achievements and new fund announcements highlight the ongoing growth and success of private equity firms in the current market.
- Garnett Station Partners has successfully closed its latest private equity fund, GSP 5.0, with a capital of $1.2bn.
- ICG, known for its strong fundraising performance, has closed its new fund, ICG Strategic Equity Fund V, which more than doubles the size of its previous fund.
- CVC closed its third-generation Strategic Opportunities fund at €4.61bn, bringing total commitments across the platform's three vintages to over €13bn.
- Northleaf Capital Partners has closed its third private credit fund, Northleaf Private Credit III, raising over $1bn, pushing its private credit platform past $6.5bn in total assets.
- ICG Strategic Equity Fund V, the latest GP-led secondaries fund, has secured $11bn, surpassing its $6bn target, with the firm committing over $19bn to GP-led secondaries since 2014. These fundraising achievements and new fund announcements highlight the ongoing growth and success of private equity firms in the current market.
