Arctos Keystone Partners Fund I, which exceeded its $4 billion target, provides growth capital and financing to leading alternative asset managers.
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.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
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.
The 2025 SecLink Awards winner has returned $4.6 billion of capital to investors through five strip sales over the past two years.
Fund Launch Partners Fund II, which held its first close at $30 million, focuses on smaller and emerging managers at the earliest stages of firm formation.
The oversubscribed fund is the largest investment vehicle raised for Wafra's Capital Constellation platform, which targets minority investments in next-gen alternative asset managers.
The GP stakes specialist raised $4.3 billion for the inaugural vintages of its NAV lending and preferred solutions strategies.
Since its inception in 2018, the Capital Constellation platform has made strategic investments in 29 alternative asset managers.
Blue Owl GP Stakes VI, which has raised approximately $10 billion, is expected to hold a final close this year.
