Dallas-based Crow Holdings Capital Partners has raised $1.067 billion for its sixth real estate fund. The pool’s initial target was $750 million. According to the firm, the fund will be used to invest in a wide variety of sectors that include industrial, retail, office, hotel and medical.
Integrated Asset Management Corp has raised $387 million for its fourth private debt fund. This is the second and final close of the partnership. Based in Toronto, IAM is an alternative assets manager. The new fund, which was backed by Canadian pension funds and institutional investors, is managed by IAM subsidiary Integrated Private Debt Corp, and will invest in fixed rate, investment grade term loans to mid-market companies and projects.
Lime Rock announced that it has closed $750 million for its third resources fund. The pool will focus on acquiring and operating oil and gas properties in the U.S. Based in Houston, Lime Rock is a private equity firm that invests in the global energy sector.
Pamlico Capital has reached a final close on Pamlico Capital III with total commitments at the upwardly revised hard cap of $650 million. Pamlico Capital III is the firm’s first fund as a fully independent firm since it spun out of Wachovia Corp.
Power Capital Holdings has formed a firm focused on the global power sector called Power Capital Partners. The firm has been launched in partnership with Hunt Power Capital Partners, owned by Hunt Consolidated, a part of a group of companies managed by the Ray L. Hunt family. Power Capital Partners’ executive management team includes Jeffrey Stein, Mitchell Posner and Jeff Hunter.
Japan’s SBI Holdings and the Netherlands Development Finance Co have announced the formal launch of the SBI-FMO Emerging Asia Financial Sector Fund. The fund will invest in promising financial sector opportunities in emerging Asia (with a focus on India, Sri Lanka, Bangladesh, Indonesia, Philippines, Thailand, Cambodia and Vietnam) and will be managed by SBI Ven Capital, Singapore.
Stonepeak Infrastructure Partners has raised $1.65 billion for its first fund. The pool’s initial target was $1 billion. TIAA-CREF was one of the investors. Launched by former employees of The Blackstone Group, Stonepeak is an infrastructure investment firm in New York.
Troika Resources Private Equity Fund, based in South Korea and managed by KDB Bank, SK Energy and Samchully AMC, has formed a $240 million joint venture through a special purpose vehicle with Bellatrix Exploration. The special purpose vehicle, called TCA Energy, will contribute $120 million toward the capital program for the drillling of an expected 63 wells.