Iris Dorbian

The fund's backers include institutional investors, high-net-worth individuals and existing investors.

The fund will invest in middle-market businesses in North America.

The Global AI Infrastructure Investment Partnership will back new and expanded data centers, as well as energy infrastructure to create new sources of power for these facilities.

The fund is closing at more than double the size of the 2019 predecessor fund, which closed at $1.7 billion.

Also, Kohlberg raised approximately $1 billion for dedicated co-investment vehicles alongside Fund X.

GCP III's LPs includes a broad range of institutions, family offices and executives.

CAI Fund VII held its first close in June 2023 and concluded its fundraise in September 2024.

Also, Sound Point Direct Lending closed on a separately managed account that is expected to grow to more than $500 million.

To date, the fund has invested about 45 percent of the capital raised.

The fundraising represents a 60 percent increase on Castik's previous fund that closed at €1.25 billion in October 2020.