Connecticut Eyes $1.2B in Credit, PE, RE
Connecticut Retirement Plans and Trust Funds is set to consider approximately $1.2B in new commitments across private equity, private credit, and real estate, with investment staff and consultant Hamilton Lane recommending five funds – all existing manager relationships. The slate includes up to $300M to Welsh, Carson, Anderson & Stowe's North America-focused middle market buyout fund, up to $300M to Sixth Street's special situations evergreen vehicle, up to $250M to Artemis Real Estate Partners Fund V, up to $150M to Clarion Partners' industrial open-end fund, and up to €150M to Oslo-based Verdane's Northern European lower mid-market fund.
In other allocator activity, Qatar Investment Authority committed $500M to General Atlantic's global growth equity strategies as part of an expanded partnership that also includes thematic research collaboration, portfolio company market access in the Middle East, and professional development for QIA staff. Elsewhere, Municipal Employees' Annuity and Benefit Fund of Chicago approved $50M across three private equity funds recommended by Marquette Associates.
On the GP fundraising side, Snowhawk closed its inaugural Snowhawk Capital Digital Opportunities Fund I at approximately $1.3B including co-investments, targeting control-oriented investments in lower middle-market digital infrastructure across cloud, AI, connectivity, and tech-enabled services in North America. S2G Investments closed S2G Solutions Fund I at $1B, targeting growth-stage companies at the intersection of food and agriculture, energy, and oceans; Onex Partners is seeking $1B for a single-asset continuation fund centered on its minority stake in OneDigital; and. Duration Ventures – founded by former Lightspeed partner Arif Janmohamed and former General Catalyst MD Trevor Oelschig – is targeting $375M for its debut early-stage enterprise AI fund.
In people news, Corebridge Financial and Equitable Holdings named the executive leadership team for their pending all-stock merger, with Corebridge CEO Marc Costantini set to lead the combined company and Equitable CEO Mark Pearson moving to executive chair. David Karr will head the combined wealth management business, Lisa Longino will serve as CIO overseeing approximately $366B in general account assets, and Seth Bernstein will continue as CEO of AllianceBernstein. Elsewhere, YMCA Retirement Fund private equity MD Erik Strobel departed to join New York-based multi-family office Granite Capital Management as senior portfolio manager.
Read on for all the day’s fundraising news headlines.
$271 Billion in Deals — and Record Fundraising to Match
April was another active month across private markets.
Dakota tracked 1,717 transactions and $271B in deal value, with large-scale acquisitions driving activity across industrials, technology, and energy.
On the fundraising side, the market set records.
KKR raised $23B for North America buyouts, EQT closed $15.6B for Asia-Pacific, and private credit vehicles from Blackstone and Ares surpassed expectations.
The takeaway isn’t just volume. It’s breadth.
Dakota’s latest Private Markets Review captures how capital is being deployed across strategies, sectors, and geographies.
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