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.
Portage has closed its fourth flagship venture fund on about $600m, slightly below the $655m raised by its predecessor four years ago. It still grew its wider investment platform to $7bn in assets under management. The smaller fund is a minor setback for the fintech specialist.
Palmer Square Capital Management has raised $240.8m for Palmer Square Excelsior Investments Fund. The credit-focused hedge fund expands the manager's product range.
Morgan Stanley Investment Management has closed its first dedicated growth equity fund at $1.3bn, oversubscribed, with the firm committing almost 25% of the capital.
KKR has overtaken Partners Group to become Europe's largest manager of open-ended private-market funds by assets. The shift comes as the US private equity.
Amundi has acquired a 9.9% stake in alternative asset manager ICG for €620m. The investment follows an equity partnership the two firms announced last November.
Comparing each plan's own assumed return with its own reported 10-year investment return, 51 plans fall short of their assumption; the widest gap is New Orleans (LA) Firefighters (Louisiana): 7.50% assumed vs -0.92% earned. Ten-year windows smooth but don't settle the argument — both figures are the plans' own.
Changelog
2 changes to the law and guidance · latest 2026-10-03
2026-09-18 — published.
2026-10-03 — corrected: Siguler Guff — "almost $700m through separate accounts and co-investments" → "nearly $700m in separately managed accounts"; co-investments are not part of that figure (Siguler Guff release).