Dated and permanent: each edition keeps its own address, and a factual error is corrected in place.
Fund launches and closes, manager and servicer moves, and figures from our own registers.
Each news story opens with what happened, then its key points. Every item links its source.
This edition has a permanent address; a factual error is corrected in place.
Clayton, Dubilier & Rice has raised about $20bn for Clayton, Dubilier & Rice Fund XIII within six months of launching the raise, according to Bloomberg.
Target: That puts the US buyout firm on course for its $26bn target.
Investors: The pace is roughly double the predecessor's, which had attracted about $10bn over a comparable period in 2023, and several existing LPs are reported to have increased their commitments.
Size: Documents from the Pennsylvania Public School Employees' Retirement System, which has committed up to $200m, show a hard cap of $28.5bn.
Timing: CD&R is reportedly aiming for a final close in the first quarter of 2027, which could place the fund among the largest buyout vehicles ever raised.
Strategy: Unlike many rival alternative managers, CD&R has kept its focus exclusively on private equity rather than expanding into private credit or private wealth.
US commercial real estate manager ACORE Capital has closed ACORE Opportunistic Credit II (AOC II) at $1.1bn (£820m), above its original $1bn target.
Investors: Commitments came from a range of institutional investors.
Scale: The fund is more than four times the size of its predecessor and has already committed $400m across 14 investments.
Context: ACORE launched the opportunistic credit strategy in 2020, and the firm says it has committed $1.34bn to opportunistic credit investments since it was founded in 2015.
Team: Matthew Drummond, head of high yield strategies, pointed to a significant basis reset across many asset classes.
Strategy: He said this creates room to finance business plans built on today's discounted valuations.
Strategy: The firm adds that the current dislocation lets credit investors fund those plans from a more senior position in the capital structure.
London-based industrial technology investor AP Ventures has held a $300m final close for its third fund, just below the $316m its predecessor raised in 2021.
Target: The firm had filed with the SEC to raise up to $500m for Fund III.
SS&C opened a Luxembourg office on 15 October, the first time its alternatives arm, SS&C GlobeOp, and its retail transfer agency business have shared an address.
Scale: The alternatives side supports 57 clients and more than $100bn, including committed capital, across 450-plus vehicles.
Context: The retail side administers $360bn across more than 380 funds and has run alone since SS&C and State Street ended their IFDS joint venture in October 2025.
Strategy: A recently granted depositary light licence now lets SS&C offer custody there for the first time.
KKR has completed its first private credit continuation vehicle, with more than $460m in commitments.
Context: It joins a growing number of alternative asset managers using secondary transactions to provide liquidity to investors in ageing direct lending funds.
Scale: KKR's SEC Form ADV filings list 739 private funds with $409.0bn gross asset value.