Goldman Eyes $10B+ Loan Fund; PSERS Makes $425M in Commitments
Goldman Sachs is reportedly in early talks to raise West Street Loan Partners VI, targeting at least $10B. The new global large-cap direct lending vehicle follows the $13.1B fifth vintage raised in May 2024 and is expected to focus again on senior loans to businesses with more than $100M of EBITDA across North America, Europe, and Australia.
Other GP fundraising activity included Lead Edge Capital closing its seventh flagship growth fund on $3.5B, its largest vehicle to date, with commitments from several major US public pensions. Blue Pool Capital also closed its inaugural private equity fund, Riverside, with $1B to pursue consumer deals globally.
Dakota also recently sat down for a conversation with Terrence Murphy Sr., founder and managing partner of Synergy Sports Capital, who is raising a control-oriented strategy focused on emerging sports leagues. Murphy, who began investing after an abrupt end to his NFL career, has built a multi-billion-dollar track record across real estate, private equity, and venture, and is now targeting underpriced sports ecosystems where hands-on ownership and integrated real estate development can drive diversified returns.
On the allocator side, PSERS approved $425M of new commitments, including $200M to LS Power Equity Partners VI, $150M to DRA Growth and Income Fund XII, and $75M to Warwick Partners V, while also giving its CIO authority for additional private markets commitments to LLR Partners within set exposure limits. Alaska Retirement approved several public market reallocations, including roughly $300M each to Jennison International Equity Opportunities and Dundas Global Investors plus three domestic microcap mandates of about $100M apiece, and ACERA terminated three public equity mandates and launched an RFP for replacements. Nevada Deferred Compensation also put three funds on watch and is considering a manager search tied to the MFS Value Fund.
Fundraising Isn’t Getting Easier
Institutional allocators are busier.
Competition for meetings is higher.
And the number of funds chasing capital keeps growing.
For many investment teams, the biggest challenge isn’t pitching — it’s simply identifying the right prospects.
Too often, outreach starts with outdated lists or incomplete contact data.
Dakota Marketplace was designed to simplify that process.
The platform connects investment sales teams with verified institutional investors, consultants, RIAs, and family offices — all in one place, updated daily by a dedicated data team.
That means less time researching who allocates to your strategy, and more time building the relationships that drive commitments.
In fundraising, the right information can change everything.
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TAMPs Have Become the Gatekeepers of RIA Distribution
If your fund isn't on the right TAMP platforms, most RIAs will never see it.
Nearly half of advisors now allocate through centralized model portfolios rather than selecting individual funds. That means distribution increasingly runs through a handful of gatekeepers — Envestnet, Orion, AssetMark, and a few others managing trillions in platform assets. If your strategy isn't approved and embedded, you're not in the conversation.
Dakota's TAMP Insights Report maps the full landscape — platform scale, key trends, M&A activity, and where distribution is consolidating — so investment managers can prioritize the right relationships before they fall behind.
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Sports Has Become an Asset Class. Are You Fluent?
Everyone at the table is talking about sports. Not everyone knows what they're talking about.
Apollo. Carlyle. CVC. The names showing up in sports investing are no longer novelties — they're your peers and your competition. When sports comes up in an LP meeting, a pitch, or a board conversation, fluency isn't optional anymore.
Dakota Sports Investing is a monthly briefing on the deals, platforms, and investors reshaping the asset class — written for professionals who need to be informed, not just interested.