Core Insights - StepStone Group has successfully launched the StepStone Private Equity Strategies Fund (STPEX), raising over $750 million since its inception in September 2025, and it is now available on major custodian platforms [1][7]. Fund Structure and Strategy - STPEX is an evergreen interval fund that invests in private equity assets managed by top-tier sponsors identified by StepStone, aiming for long-term capital appreciation [2][3]. - The fund offers individual investors, financial advisors, and institutions access to a diversified portfolio of private market investments, primarily through secondary purchases and co-investments [2][3]. - STPEX allows for daily capital raising and provides liquidity through semi-annual redemptions, with a current expectation of up to 5% of the Fund's net asset value [4][9]. Investment Approach - The fund's capital is invested alongside StepStone's institutional clients by a global private equity team of over 190 investment professionals, responsible for managing approximately $389 billion of capital as of September 30, 2025 [3][6]. - STPEX was developed in response to feedback from partners in the wealth management channel, focusing on providing a private equity strategy with low minimum investments and daily valuation [3][5]. Accessibility and Investor Requirements - The minimum investment for STPEX is set at $5,000, and it is available to investors in the United States without any accreditation requirements [4][6]. - The fund is structured to offer various share classes tailored for different wealth management platforms, enhancing accessibility for a broader group of investors [4][5].

13 November 2025 ICG Enterprise Trust announces realisation of David Lloyd ICG Enterprise Trust (“ICGT”) is pleased to announce the realisation of David Lloyd. ICGT initially invested alongside TDR Capital in 2013, and the investment has delivered a 28% IRR to ICGT. The sale was executed in line with the last reported NAV, and cash proceeds of £20 million have been received. David Lloyd is an operator of premium health clubs and was ICGT’s tenth largest company exposure at 31 July 2025, representing 1.4% o ...

人民财讯11月13日电，企查查APP显示，近日，深圳市亿航东方低空经济产业私募股权投资基金合伙企 业(有限合伙)成立，出资额7.6亿元，经营范围包含：以私募基金从事股权投资、投资管理、资产管理等 活动。企查查股权穿透显示，该合伙企业由深圳市引导基金投资有限公司、深圳市龙华区引导基金投资 管理有限公司等共同持股。 ...

天眼查工商信息显示，近日，珠海金石云金股权投资合伙企业（有限合伙）成立，执行事务合伙人为中 信金石投资有限公司，出资额约17.4亿人民币，经营范围为以私募基金从事股权投资、投资管理、资产 管理等活动。合伙人信息显示，该合伙企业由中信证券投资有限公司、紫金财产保险股份有限公司、上 海容大惠利实业发展有限公司等共同出资。 ...

人民财讯11月5日电，企查查APP显示，近日，江苏社保科创基金(苏州)合伙企业(有限合伙)成立，出资 额500亿元，经营范围包含股权投资；创业投资(限投资未上市企业)；以自有资金从事投资活动；私募 股权投资基金管理、创业投资基金管理服务等。企查查股权穿透显示，该企业由全国社会保障基金理事 会、工商银行(601398)全资子公司工银金融资产投资有限公司等共同出资。 ...

Core Insights - Guardian Life Insurance Company of America has partnered with Hamilton Lane to manage its private equity portfolio valued at nearly $5 billion and to facilitate further investments in the sector [1][2] - Guardian plans to invest approximately $500 million annually in private equity over the next decade, with Hamilton Lane responsible for deploying these funds [2] - The collaboration will provide Guardian's general account with exposure to various private equity investments, including primary, co-investment, and secondary transactions [3] Investment Strategy - Guardian will allocate $250 million in initial capital for new evergreen initiatives aimed at expanding investment opportunities within Hamilton Lane's Global Evergreen Platform [2] - The partnership is expected to enhance Guardian's investment and wealth management capabilities, supporting the financial well-being of its customers and policyholders through innovative, long-term strategies [7] Operational Details - The transaction is anticipated to close by the end of 2025, after which Guardian's private equity investment team will transition to Hamilton Lane [6] - Hamilton Lane will collaborate with Park Avenue Securities, Guardian's registered broker-dealer and investment adviser, to develop investment solutions and provide educational support for over 2,400 advisors managing approximately $58.5 billion in assets [5] Strategic Importance - The partnership reflects a growing trend where alternative asset managers and life insurers are forming closer ties, providing insurers access to new origination channels and higher-yielding investments [4][5] - Hamilton Lane's co-CEO emphasized the strategic nature of the partnership, highlighting the alignment of values and the commitment to delivering high-quality solutions [4]

Core Insights - The Inner Mongolia Key Industry Guidance Fund has been established with a total investment of 8.675 billion RMB, focusing on private equity investment, investment management, and asset management activities [1] Group 1: Fund Details - The fund is a limited partnership and is registered in Hohhot, Inner Mongolia [2] - The fund's operational scope includes private equity investment and asset management, subject to legal approvals [2] - The fund's business term is from October 31, 2025, to 2099 [2] Group 2: Partners and Ownership - Inner Mongolia Financial Asset Management Co., Ltd. holds a 97.98% stake in the fund, while Zhongcai Rongshang (Beijing) Capital Management Co., Ltd. holds a 2.02% stake [2] - Inner Mongolia Financial Asset Management Co., Ltd. is a provincial state-owned enterprise [2]

Core Insights - Boyu Capital is the leading contender to acquire a controlling stake in Starbucks's China operations, potentially valuing the business at over $4 billion [1][2] - The negotiations between Starbucks and Boyu are expected to take several months and are not guaranteed to result in a deal [1] - Starbucks's China operations have drawn interest from over 20 potential investors during the fundraising process [4] Company Overview - Starbucks launched its first store in mainland China in 1999 and currently operates 7,800 outlets across 250 cities [3] - The company reported attributable net earnings of $558.3 million for Q3 FY25, a decline of 47% year-on-year, while consolidated net revenues grew almost 4% to $9.45 billion [5] Investment Landscape - Boyu Capital, established in 2011, invests across various sectors including real estate, infrastructure, private equity, and renewable energy [3] - Other investors, including internet companies, may participate as limited partners to co-finance the potential transaction [2]

Group 1 - The company, through its wholly-owned subsidiary, is participating in the establishment of the Gao Xin Run Xin Fund, contributing 200 million yuan, which represents 20% of the fund [2] - The investment aims to strategically enhance the company's core competitiveness by leveraging professional investment resources and management [2] - The Gao Xin Run Xin Fund has completed the necessary registration and obtained the private investment fund registration certificate from the China Securities Investment Fund Industry Association [3] Group 2 - The fund is managed by CITIC Jin Investment Management Co., Ltd., with Bank of China as the custodian [3] - The investment is part of the company's forward-looking layout to strengthen integration capabilities along the pharmaceutical industry chain [2] - The company will closely monitor the fund's management and investment performance to mitigate risks and protect shareholder interests [3]

Core Insights - Blackstone is set to acquire a nearly 10% stake in Federal Bank, pending shareholder approval, marking a significant private equity investment in mid-sized Indian lenders this year [1][6] - Federal Bank's board has approved the issuance of 27.29 crore convertible warrants at Rs 227 each, aligning with the recent closing price [1][6] - Blackstone will initially pay 25% of the warrant price, with the remaining 75% due upon exercising the warrants, leading to a 9.99% stake and the right to nominate one non-executive director [2][6] Financial Metrics - Federal Bank reported a Capital to Risk-weighted Assets Ratio of 15.71% and a Tier-1 capital ratio of 14.37%, both exceeding regulatory requirements [6] - The bank's credit-deposit ratio is at 84.7%, indicating a solid capital position [6] Market Performance - Federal Bank shares have increased by 18.5% over the past month and are up 14% year-to-date, reflecting strong market momentum [6] - The stock is trading above all eight key simple moving averages, indicating bullish trends [6] - The Relative Strength Index is at 80, suggesting the stock is in overbought territory, while the Moving Average Convergence Divergence at 7.7 supports the positive trend [6]