North America

Eaton launched its GP solutions business in 2023 hiring a team from Credit Suisse.

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.

Secondaries was among strategies with the most acceleration driving Carlyle’s deployment pace last year, CFO John Redett says on an earnings call.

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

Liquidity remains a main focus in the industry as exit activity has yet to pick up after a multi-year slump.

StepStone Real Estate Partners V will focus on GP- and LP-led real estate deals in the US.

The New York-headquartered firm also promoted two employees to partner.

Blackstone expects to hold a final close for Strategic Partners Infrastructure IV in the first quarter of this year, according to pension fund documents.

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

While some believe exit activity will pick up this year along with overall investment activity, PE-backed assets held in older funds continue to grow.