Dated and permanent — an edition is never rewritten after publication; corrections land in its changelog.
The week's fund-industry signal, curated: fund launches and closes, manager and
servicer moves, and figures from our own registers. Every trade-press item links its
source and ends with why it matters to someone who runs or services funds. Trade-press
items are published only after every cited source was machine-verified; register
figures are computed from the published data files. This is a dated, permanent
edition — it is not updated after publication; corrections land in the changelog.
Accel has raised $3.5bn across four early-stage funds, doubling down on the AI cycle. Raising four vintages at once is the marker — a top venture firm restocking for a wave of AI startup formation.
Janus Henderson's CLO ETF has reached $30bn in assets. Thirty billion in a single CLO ETF is the clearest sign yet of how fast packaged CLO exposure is pulling in mainstream money.
CVC DIF has taken a majority stake in firstcolo, a German data-centre platform, to fund its build-out. It is another infrastructure investor moving into digital infrastructure, where data-centre demand is drawing long-term capital.
An EQT-managed fund has joined Lovable's $400m round at a $13.3bn valuation. A buyout-linked manager writing venture-style cheques into an AI company at that price shows how far large managers are reaching for AI exposure.
The SEC is sharpening its focus on how private funds value their holdings. For managers and administrators the message is concrete: valuation methods and documentation will face harder scrutiny.
New entries in the public registers we track, by domicile: United States 537, Luxembourg 288, United Kingdom 228, Cayman Islands 140, Ireland 83. Counts are of new register entries (not a de-duplicated fund universe). Observed between register readings of 2026-08-02 and 2026-08-09.
Live EDGAR full-text window for Form D filings declaring industry 'Pooled Investment Fund'. The 2026 Q2 quarterly dataset covers 10,912 pooled filings.
Across the tracked plans' own reports, 100 mature funds (vintage 2019 or earlier, larger commitments) report net IRR of 12%+ while having returned less than 60% of contributed cash. A high IRR with little cash back is a mark, not a result — the distinction DPI makes. Structural gaps the scorecard surfaces: New Jersey DOI publish(es) no fund-level net IRR at all. The full per-plan disclosure scorecard is on the transparency page.
6,649 plan-fund rows across 31 pension plans' own disclosures (plan as-of dates 2024-09-30 to 2026-05-31). Median net IRR across 4,241 disclosed positions of vintage 2021 or earlier: 11.9%. Cross-plan holdings are the signal — see the PE performance pages.
Changelog
1 change to the law and guidance · latest 2026-08-14