PineBridge Investments today announced the close of PineBridge Private Credit, the firm’s first direct lending focused strategy, with $396 million in capital commitments.
Regulators and investors are focusing more attention on how private-equity firms value the assets they own, making the valuation process both more complicated and costly.
Morgan Stanley Infrastructure Partners has raised $5.5 billion for North Haven Infrastructure Partners III, six months after the fund’s first close on June 19.
A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.
AEA Investors has collected $4.8 billion for its latest flagship vehicle, AEA Fund VII, which will invest in upper middle-market deals and also amassed $877 million in commitments for a new small business fund, AEA Investors SBF IV.
The University of Missouri and Hillsdale College have agreed to settle Hillsdale’s lawsuit against the university. As part of the settlement, the institutions will split the endowment, currently valued at approximately $9.2 million.