The vehicle enables institutional investors to access StepStone's secondaries platform.
The deal marks PennantPark's 13th securitization and supports the fund's credit portfolio with long-term capital.
Pomona Capital XI, which remains in the market, plans to invest predominantly in North American buyout funds
The sequel fund has secured $150 million from a California pension and will back venture and growth managers through GP stakes, fund commitments, and co-investments.
TPG GP Solutions II, which held a first close last year, had raised over $1.7 billion in capital commitments as of June.
The manager plans to be in the market with a fund from each of its flagship series, including secondaries and fund finance, within the next 24 months.
Arctos Keystone Partners Fund I, which exceeded its $4 billion target, provides growth capital and financing to leading alternative asset managers.
The GP stakes specialist raised $4.3 billion for the inaugural vintages of its NAV lending and preferred solutions strategies.
Total commitments for GP Finance 2 exceeded its initial $500 million target, reaching $840 million.
The closure marks the largest NAV loan fundraise to date, according to the firm.
