Alternative Assets

San Francisco-based Fiat Ventures, an early-stage venture capital firm, has raised $35 million in the closing of its Fund II, exceeding its targeted goal of $25 million.  The oversubscribed vehicle will use the capital to financially support early-stage companies that focus on financial technology, financial access, and AI innovation.  The fund, which is led by …

Private equity firm Bernhard Capital Partners has agreed to acquire Bowman Consulting Group Ltd. in a take-private transaction valued at approximately $1 billion, including debt. Under the terms of the agreement, Bernhard Capital will acquire all outstanding shares of Bowman for $43 per share in cash. The purchase price reflects an approximate 58% premium to …

Hedge funds posted their first monthly loss since March as a reversal in artificial-intelligence stocks punished technology-focused managers and exposed sharp differences across strategies. The HFRI Fund Weighted Composite Index declined 1.1% in July, reducing its 2026 gain to 6.2%, according to Hedge Fund Research. The pullback followed a 6.4% second-quarter return, the industry’s strongest …

Global hedge funds adjusted their artificial intelligence positions in July as investors shifted their attention from infrastructure spending toward evidence that companies can convert AI investments into revenue and earnings. Managers made measured portfolio changes instead of abandoning the AI trade, according to Hazeltree’s July Data Insights Crowding Report. The rotation coincided with a 20% …

CAIS has closed a $170 million Series D financing led by Vista Equity Partners, valuing the alternative investment platform at more than $2 billion and bringing total capital raised to nearly $600 million since its founding in 2009. The round drew participation from a strategic investor base spanning the wealth and alternatives industries: AllianceBernstein, funds …

Connect Money has opened nominations for the 2026 Next Generation Alternative Investments Awards, the publication’s annual program recognizing emerging professionals who are reshaping the alternatives industry from the inside. Now in its second year, the awards will honor rising leaders who are driving transformation within their organizations and making a broader impact through new business …

BridgeInvest has raised more than $612 million in limited-partner equity for its fifth commercial real estate credit fund. BridgeInvest Specialty Credit Fund V held its second close in July, about a year after launching. The open-ended fund expects to exceed $1 billion in equity commitments by 2027, according to the Miami-based investment manager. Fund V …

Northleaf Capital Partners has closed its inaugural asset-based specialty finance fund with approximately $450 million in commitments, expanding the private markets manager’s credit platform into investments designed to generate returns less closely tied to economic and public market cycles. The total includes commitments to Northleaf Asset-Based Specialty Finance and co-investment vehicles investing alongside the fund. …

Nuveen and its Nuveen Green Capital affiliate have raised more than $1 billion in an initial close for their fourth commercial property assessed clean energy lending fund, reflecting growing insurer demand for long-duration, asset-backed credit. Nuveen CPACE Lending Fund IV is approaching its reported $1.2 billion target and has already raised 27% more than its …

Matterhorn Venture Partners has partnered with TPG AG U.S. Real Estate to acquire 16 Chicago-area industrial properties totaling approximately 986,000 square feet, expanding the firms’ recently established regional investment platform. The assets are part of a 53-building portfolio acquired for $628 million by TPG AG, Matterhorn, Redfearn Capital and Atlanta Property Group. The full portfolio …

Dimension Energy has secured $857 million in new capital to expand its distributed-solar portfolio. The financing includes a $200 million increase to Dimension’s corporate credit facility, bringing the total facility to $650 million. Nuveen Energy Infrastructure Credit and funds and accounts managed by HPS Investment Partners served as lead lenders. A separate $657 million construction-to-term …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …