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Carlyle AlpInvest has held the final close of Atom Fund II, its second vehicle focused on making single-asset continuation fund investments, at its $1.7bn hard cap - well above its $1bn target.
The post Carlyle AlpInvest hits $1.7bn hard cap for second dedicated continuation vehicle investment fund appeared first on AltAssets Private Equity News.
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North Carolina-based private equity firm LionLight Capital has sped to a $215m hard cap close of its debut fund in just ten weeks, picking up strong support for its strategy of targeting financial and professional services businesses.
The post LionLight Capital races to $215m hard cap debut fund close in 10-week raise appeared first on AltAssets Private Equity News.
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Sagard's credit arm has secured more than $1bn at the first close of its latest direct lending fund, putting it about halfway to its $2bn target.
The post Sagard Credit Partners tops $1bn at first close of third direct lending fund appeared first on AltAssets Private Equity News.
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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