Latest Fundraising Updates in the Private Equity Realm
Headline: Major Growth Equity Funds Secure Billions in Capital
In the dynamic world of investment, several prominent firms have successfully secured substantial amounts of capital for their growth equity funds.
Tikehau Capital's Third Special Opportunities Strategy Fund
Tikehau Capital, a European asset management company, has raised €1.2bn for the third iteration of its special opportunities strategy. The strategy, specializing in high-yield, short-duration investments, has found favour with investors, as Tikehau Capital also secured funding through tailored mandates and dedicated co-investment vehicles.
PSG's Continuation Fund and Strategic Growth Fund
Private equity firm PSG launched a $2bn continuation fund, PSG Sequel, to support six portfolio companies. In addition, the firm's sixth North American flagship fund, PSG VI, closed at a impressive $6bn. These funds demonstrate PSG's commitment to strategic growth investments and their strong position in the market.
Neuberger Berman's NB Specialty Finance Fund III LP
Neuberger Berman's NB Specialty Finance Fund III LP closed at over $1.6bn, surpassing its initial $1bn target. The fund signifies a significant milestone in Neuberger Berman's asset-based finance strategy.
GTCR's Strategic Growth Fund II
In the realm of growth equity, GTCR's Strategic Growth Fund II (SGF II) closed at $3.6bn. This includes the final close of Tikehau Capital's flagship fund, TSO III, which secured €1.2bn. SGF II significantly exceeded its $2.75bn target, reflecting the strong demand for growth equity investments.
The Current Fundraising Climate
As of mid-2025, growth equity fundraising remains active but somewhat constrained overall. The market is heavily AI-driven, with larger rounds concentrated among fewer startups. Despite an overall selective capital allocation environment, firms like Tikehau Capital, PSG, and Neuberger Berman, are actively fundraising or deploying capital strategically in strong companies, particularly technology-driven firms.
[1] Venture Capital Journal, "VC Fundraising Totals $121 Billion in H1 2025", July 2025. [2] TechCrunch, "VC Deal Value Up Year-Over-Year Despite Selective Capital Allocation", July 2025. [3] CB Insights, "Europe and China Show Cooler VC Activity, India Exhibits Strong Interest in Fintech and Mobility", July 2025. [4] PitchBook, "VC Fundraising Modest in H1 2025", July 2025. [5] PE Hub, "Growth Equity Fundraising Remains Robust in 2025 H1", July 2025.
- In the competitive landscape of finance, Tikehau Capital's Third Special Opportunities Strategy Fund secured €1.2bn, specializing in high-yield, short-duration investments.
- Private equity firm PSG's inaugural continuation fund, PSG Sequel, secured $2bn to support six portfolio companies, while PSG VI, its sixth North American flagship fund, closed at an impressive $6bn.
- Neuberger Berman's NB Specialty Finance Fund III LP exceeded its initial $1bn target, closing at over $1.6bn, a significant milestone in Neuberger Berman's asset-based finance strategy.
- GTCR's Strategic Growth Fund II (SGF II) closed at $3.6bn, significantly surpassing its $2.75bn target, and included the final close of Tikehau Capital's flagship fund, TSO III, which secured €1.2bn.
- Although the growth equity fundraising market is somewhat selective in 2025, firms like Tikehau Capital, PSG, and Neuberger Berman are actively fundraising or strategically deploying capital in promising businesses, especially technology-driven firms.
- Despite a somewhat constrained overall fundraising climate, successful growth equity funds, including those managed by Tikehau Capital, PSG, and Neuberger Berman, continue to secure billions in capital.
