Six DFIs converge on AfricInvest Fund IV LLC in a single week
BII, Finnfund, IFC, Norfund, Proparco, and US DFC all committed to AfricInvest Fund IV LLC ($200M, private markets) in one week — six-LP simultaneous convergence on a single Africa-focused vehicle is a concrete clustering signal above the dataset's single-fund commitment baseline.
By the PCF Engine — compiled from public filings
Period
–
Asset
FIGURE I. Cross-border capital corridors. Arrows show direction (origin→destination); line
weight ∝ flow size (√-scaled).
small · mid · large.
Claret = Asia/Gulf↔West (the signature corridor);
grey = other cross-border. Filter by year & asset class above — click the map to enlarge.
Cross-border capital corridors — . Click outside or press Esc to close.
This edition compiles 13,927 capital-flow events from public filings — 3,043 of them cross-border, ~$205.3B in private-market volume. The corridors are mapped alongside; the league tables follow.
BII, Finnfund, Proparco, SIFEM, and US DFC each committed to Convergence Partners Digital Infrastructure Fund ($60M, infrastructure) this week — five-way simultaneous LP commitment to a single African digital-infrastructure vehicle is a discrete cluster event with a named $60M ticket.
BII, IFC, Proparco, and SIFEM each committed to Maghreb Private Equity Fund IV ($116M, private equity) this week — four distinct Western/multilateral allocators simultaneously targeting a North Africa vehicle constitutes a cross-border DFI clustering event anchored by a $116M named fund.
BII, IFC, and US DFC each committed to Chiratae Ventures International Fund IV LLC ($40M, private markets) this week — three cross-border public allocators converging on a single India-origin venture fund in one reporting period is a discrete cross-border signal with a named $40M ticket.
BII, Proparco, and US DFC each committed to Southeast Asia Clean Energy Fund II, LP ($27M, infrastructure) this week — simultaneous three-way cross-border commitment to a named Southeast Asia clean-energy vehicle is a discrete clustering event anchored by a $27M ticket.
By the Numbers — The Sovereign Wire Index i
$9.9B
Cross-border volume (90d)
—
3%
Cross-border share of flows
—
$484.9B
Private-market volume (90d)
—
$50M
Median disclosed ticket
—
122
Tracked allocators
—
$0.7B
Largest corridor (90d)
—
$198.7B
Largest strategy (90d)
—
Data as of 11 August 2026 · compiled from public filings. Week-over-week change vs the prior edition.
★ Mandate Radar — Who's Deploying Now i
Fresh, addressable private-market commitments as they surface in public filings — who is deploying now, to whom, in what strategy.
TW / US — Taiwan BLF committed to into Global Climate Transition Infrastructure Securities Passive Mandate (2025) — Combined ($3.0B).
AE / GB / JP / US — Mubadala closed ($2.1B).
AE / US — Mubadala closed ($2.0B).
TW / US — Taiwan BLF committed to into Global Climate Transition Infrastructure Securities Passive Mandate (2025) ($2.0B).
TW / US — Taiwan BLF committed to into Global Passive Bond Mandates ($1.2B).
AU / US — Cbus adjusted its allocation to into KKR ($963M).
AU / US — Aware Super adjusted its allocation to into Stepstone Group LP ($663M).
Notable This Weeki
Six DFIs converge on AfricInvest Fund IV LLC in a single week. BII, Finnfund, IFC, Norfund, Proparco, and US DFC all committed to AfricInvest Fund IV LLC ($200M, private markets) in one week — six-LP simultaneous convergence on a single Africa-focused vehicle is a concrete clustering signal above the dataset's single-fund commitment baseline.
Five DFIs pile into Convergence Partners Digital Infrastructure Fund for Africa connectivity. BII, Finnfund, Proparco, SIFEM, and US DFC each committed to Convergence Partners Digital Infrastructure Fund ($60M, infrastructure) this week — five-way simultaneous LP commitment to a single African digital-infrastructure vehicle is a discrete cluster event with a named $60M ticket.
Four cross-border DFIs commit to Maghreb Private Equity Fund IV ($116M). BII, IFC, Proparco, and SIFEM each committed to Maghreb Private Equity Fund IV ($116M, private equity) this week — four distinct Western/multilateral allocators simultaneously targeting a North Africa vehicle constitutes a cross-border DFI clustering event anchored by a $116M named fund.
Three DFIs simultaneously back India-focused Chiratae Ventures International Fund IV ($40M). BII, IFC, and US DFC each committed to Chiratae Ventures International Fund IV LLC ($40M, private markets) this week — three cross-border public allocators converging on a single India-origin venture fund in one reporting period is a discrete cross-border signal with a named $40M ticket.
Three DFIs commit to Southeast Asia Clean Energy Fund II ($27M) in one week. BII, Proparco, and US DFC each committed to Southeast Asia Clean Energy Fund II, LP ($27M, infrastructure) this week — simultaneous three-way cross-border commitment to a named Southeast Asia clean-energy vehicle is a discrete clustering event anchored by a $27M ticket.
SEC. SEC Office of Municipal Securities Updates FAQs for Registration of Municipal Advisors
SEC. SEC Proposes Rescission of Climate-Related Disclosure Rules
People Moves i
AdvisorMichael Ho, Group Strategy Head — Oliver Wyman → Hong Kong Stock Exchange source
AdvisorDeborah Wardle, International CIO — Mercer source
In the Press — Global LP / GP Capital Flows i
Filter by asset class:
Pe Hub · Private Credit · 2026-08-11
Exponent closes €750m single-asset CV for H&MV Engineering
H&MV Engineering is a global provider of specialist high-voltage electrical engineering services for data centers, battery energy storage systems, utilities and renewables. The post Exponent clos
Read summary →
Gnews Swf · Venture · 2026-08-11
Indonesia Sovereign Fund Invests $2.5 Billion in Joint Venture with JBS - Sovereign Wealth Fund Institute | SWFI
Indonesia Sovereign Fund Invests $2.5 Billion in Joint Venture with JBS Sovereign Wealth Fund Institute | SWFI
Read summary →
Gnews Swf · General · 2026-08-11
China's sovereign wealth fund invests in MBK Fund No. 6 utilizing the Korea Zinc tender offer... "Chinese capital accounts for roughly 5%" - starnewskorea.com
China's sovereign wealth fund invests in MBK Fund No. 6 utilizing the Korea Zinc tender offer... "Chinese capital accounts for roughly 5%" starnewskorea.com
Read summary →
Buyouts · Real Assets · 2026-08-10
Contrarian energy investor Kimmeridge hits market with latest E&P fund
Uncertainty and volatility caused by geopolitical conflict in the Middle East today present both opportunities and challenges to oil and gas dealmaking. In this environment, Kimmeridge has been active
Read summary →
Pionline · General · 2026-08-10
Dallas Police & Fire moves beyond long-only, taps new global equity manager
Dallas Police & Fire Pension System moved beyond long-only strategies after hiring a new global equity manager.
Read summary →
Pe Hub · Private Credit · 2026-08-10
Amberjack Capital closes carve-out of Flowserve’s PNV Automation group
The deal was announced on May 7 and includes PMV's Houston, Texas and Solna, Sweden facilities The post Amberjack Capital closes carve-out of Flowserve’s PNV Automation group appeared first on P
Read summary →
Pe Hub · General · 2026-08-10
New Mountain to acquire fire safety provider Jensen Hughes from Gryphon
Jensen Hughes provides mission-critical, compliance-driven engineering and consulting services to facility owners, architects and engineers, and nuclear utilities The post New Mountain to acquire fire
Read summary →
Pe Hub · Private Equity · 2026-08-10
I Squared Capital agrees $631m buyout of Australia’s OohMedia
The Sydney-based operator runs more than 30,000 digital and static out-of-home advertising assets across Australia and New Zealand, spanning billboards, transit and airport displays. The post I Square
Read summary →
Pe Hub · Private Credit · 2026-08-10
Exclusive: VSS closes minority stake in Cordoba, betting on infrastructure transformation
'We view AI as a net positive and believe there is no way AI can reasonably displace the need for infrastructure itself,' said Sai Parepally, a principal at VSS. The post Exclusive: VSS closes minorit
Read summary →
Pe Hub · General · 2026-08-10
Spain a ‘value destination’ for mid-market investors; Wise Equity to acquire E-Pharma Trento
E-Pharma Trento is a consumer health pharmaceutical and nutraceutical contract development and manufacturing organization. The post Spain a ‘value destination’ for mid-market investors; Wise Equity to
Read summary →
Asia Asset Mgmt · Venture · 2026-08-10
Indonesia wealth fund Danantara invests US$2.5 billion for 25% in joint venture with Brazil meat processor JBS
Indonesia’s Danantara Investment Management is investing US$2.5 billion for a 25% stake in a joint...
Read summary →
Asia Asset Mgmt · General · 2026-08-10
Nomura Islamic Asset Management taps Mohammad Hasif from BNP Paribas as CEO
The Malaysia-based Islamic investment unit of Japan’s Nomura Asset Management Co Ltd has tapped Mohammad...
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Altassets · Private Credit · 2026-08-10
Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM
Italy-focused private markets manager Nextalia has held a €1.1bn first close for its second flagship private equity fund, securing one of the country's largest pools of capital dedicated to mid-market
Read summary →
Pewire · Private Credit · 2026-08-10
KKR-backed The Executive Centre targets $500m financing to fund expansion
Flexible workspace operator The Executive Centre is seeking to raise around $500m in new debt as it looks to refinance existing borrowings and finance further expansion, according to a report by Bloom
Read summary →
Pewire · Private Equity · 2026-08-10
PE firms tap IPOs as M&A exit market remains challenging
TOP STORY: Private equity firms are increasingly looking to public markets to exit portfolio companies as a shortage of strategic buyers continues to constrain traditional M&A routes, according t
Read summary →
Pewire · Private Equity · 2026-08-10
Centerbridge-backed Auxmoney considers sale or IPO
Private equity-backed German digital consumer lender Auxmoney is exploring strategic options that could include a sale of the business or an initial public offering, according to a report by Bloomberg
The California Public Employees’ Retirement System is among the institutional investors backing a roughly $300m continuation vehicle that will allow private equity firm Monogram Capital Partners to re
Read summary →
Vcj · General · 2026-08-10
Climate group All Aboard misses target for first fund
The climate investment coalition raises $133m and adds a UK-based family office as a new member.
Read summary →
Wamda · General · 2026-08-10
Saudi game studio Majestic Mind Games raises $1.45 million
Saudi Arabia-based game development studio Majestic Mind Games has raised $1.45 million in a funding round co-led by Merak Capital and Impact46. Founded in 2023 by Lujain Albukhari and Majed Anbar and
Read summary →
Wamda · Private Credit · 2026-08-10
Saudi contech Fitting raises $1.1 million seed to fuel expansion
Saudi Arabia-based construction technology platform Fitting has raised $1.1 million in its second Seed round, with participation from an undisclosed strategic investor from the contracting and real es
Read summary →
Gnews Pe Close · Private Credit · 2026-08-10
Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM - AltAssets Private Equity News
Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM AltAssets Private Equity News
Read summary →
Asia Asset Mgmt · Private Credit · 2026-08-09
Fast growth of private credit raises concerns in the wake of redemptions
Private credit has grown to rival private equity as the alternative asset class of choice...
Read summary →
Asia Asset Mgmt · Venture · 2026-08-09
Japan Investment Corp invests in local venture firm Red Capital’s healthcare fund
Japan Investment Corporation (JIC) has invested 2 billion yen (US$12 million) in a healthcare fund...
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Asia Asset Mgmt · General · 2026-08-09
Hong Kong bourse taps Michael Ho from Oliver Wyman as group strategy head
Hong Kong’s bourse has hired Michael Ho from US consulting firm Oliver Wyman as a...
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Gnews Pe Close · Private Credit · 2026-08-08
Regal Healthcare Closes New Fund at $610 Million - JD Supra
Regal Healthcare Closes New Fund at $610 Million JD Supra
Read summary →
Pionline · General · 2026-08-07
Andover Contributory seeks cash and short-term bond manager
The $425 million pension fund is looking for a manager to run a $21 million mandate.
Read summary →
Altassets · General · 2026-08-07
Deal Roundup: Apollo to buy easyJet in £5.7bn deal, Broad Sky exits Smith + Howard to TPG
Apollo Global Management has agreed to acquire UK-listed airline easyJet in a £5.7bn transaction, ending a competitive bidding process after rival suitor Castlelake withdrew. The post Deal Roundup: Ap
Read summary →
Altassets · Private Credit · 2026-08-07
White Star Capital closes $250m fourth fund to double down on AI-focused Series A, B investing
White Star Capital has held the final close of its fourth flagship venture fund at $250m to target Series A and B dealmaking in AI-driven companies. The post White Star Capital closes $250m fourth fun
Read summary →
Altassets · Private Credit · 2026-08-07
ECP closes $8.1bn flagship fund after lifting hard cap
Energy Capital Partners has closed its sixth flagship infrastructure fund on $8.1bn, more than 80% larger than its predecessor and well above its original $5bn target. The post ECP closes $8.1bn flags
Read summary →
Altassets · Private Credit · 2026-08-07
Alpaca Real Estate closes $223m debut fund as AI-driven platform wins institutional backing
Alpaca Real Estate has completed the final close of its inaugural fund on about $223m, joining a select group of first-time real estate managers to secure institutional backing in what remains a diffi
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Pewire · General · 2026-08-07
Partners Group commits more than $1bn to AVK Power Solutions amid data centre boom
Partners Group has agreed to acquire a majority stake in UK-based AVK Power Solutions, committing more than $1bn to a transaction aimed at accelerating the company's international expansion.
Read summary →
Vcj · Secondaries · 2026-08-07
Growing love for secondaries
Investors are eager to make money on aging venture assets, putting billions to work in three new venture secondaries funds.
Read summary →
Gnews Swf · Venture · 2026-08-07
Indonesia sovereign fund invests in joint venture with JBS - wattagnet.com
Indonesia sovereign fund invests in joint venture with JBS wattagnet.com
Read summary →
Gnews Pe Close · Private Credit · 2026-08-07
Climate Fund Managers reaches first close for SA-H2 Fund - africaprivateequitynews.com
Climate Fund Managers reaches first close for SA-H2 Fund africaprivateequitynews.com
The firm's US buyout strategy distributed capital at more than double the industry rate, chief executive Harvey Schwartz noted on the firm’s latest results call.
The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.
Read summary →
Secondaries Investor · Secondaries · 2026-08-06
Behind GP-leds’ banner H1 figures
Market volatility only tells part of the story of the GP-led market’s domination in the first six months of the year, with fundraising and expansion into new asset classes also driving growth.
Read summary →
Secondaries Investor · Secondaries · 2026-08-06
Industriens Pension mulls adding more infra secondaries exposure
The Danish retirement scheme favours indirect over direct investment in secondaries and has made commitments to all five infra secondaries vehicles managed by Pantheon, infrastructure funds head Mikke
Read summary →
Secondaries Investor · Secondaries · 2026-08-06
G Squared secures $2.3bn as venture secondaries heats up
The firm's seventh flagship is about twice the size of its previous vehicle and took half as long to raise.
Illinois Police Officers' Pension Investment Fund continues asset its allocation buildout with the issuance of a new private credit RFP.
Read summary →
Pionline · General · 2026-08-06
Another public pension fund set to cut public equity, raise private markets exposure
Dallas Police & Fire Pension System is mulling a recommendation to cut public equities, and lift private markets and defensive assets following the findings of an asset allocation study.
Read summary →
Pionline · General · 2026-08-06
Buybacks added an unnoticed tailwind to U.S. stocks. The AI boom could reverse it.
For the past 10 years, buybacks have outpaced new share issuance, adding about 70 basis points to the S&P 500 index return, but that could reverse, according to a new white paper from asset manager Ni
Read summary →
Pdi · Private Credit · 2026-08-06
Pantheon backs BlackRock BDC’s credit CV
The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.
The firm's US buyout strategy distributed capital at more than double the industry rate, chief executive Harvey Schwartz noted on the firm’s latest results call.
Read summary →
Altassets · General · 2026-08-06
Deal Roundup: Partners Group takes majority stake in AVK, in talks to buy Eurazeo’s Aroma-Zone
Partners Group has entered exclusive discussions to acquire a majority stake in Aroma-Zone, a French natural beauty, wellness and selfcare brand, from Eurazeo. The post Deal Roundup: Partners Group ta
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Altassets · Private Equity · 2026-08-06
Europe’s IPO window is open – but PE firms face a shrinking pool of public market exits
Europe’s IPO market has reopened after the 2022 correction, but the backlog of potential listings is rapidly narrowing, creating a more selective exit environment for private equity sponsors, PitchBoo
Read summary →
Altassets · General · 2026-08-06
HarbourVest hires DWS executive to expand private wealth coverage across Southern Europe
HarbourVest Partners has brought in former DWS executive Guido Lombardi as private wealth lead for France, Belgium, Luxembourg and Southern Europe, as the private markets manager continues to expand i
Read summary →
Vcj · Secondaries · 2026-08-06
G Squared secures $2.3bn as venture secondaries heats up
The firm's seventh flagship is about twice the size of its previous effort and took half as long to raise.
Read summary →
Gnews Pe Close · Private Equity · 2026-08-06
Jack Ma's private equity fund makes its first U.S. investment in an AI company with a $30 million commitment. - 富途牛牛
Jack Ma's private equity fund makes its first U.S. investment in an AI company with a $30 million commitment. 富途牛牛
Read summary →
Gnews Pe Close · Private Credit · 2026-08-06
Green hydrogen-focused private equity fund reports R3bn first close - Engineering News
Green hydrogen-focused private equity fund reports R3bn first close Engineering News
Read summary →
Buyouts · Private Equity · 2026-08-05
New Jersey sees opportunity in slow exit market
Despite being spared liquidity concerns, the pension system’s CIO tells Buyouts that re-ups and new opportunities are being looked at on equal footing.
Read summary →
Secondaries Investor · Secondaries · 2026-08-05
Cyclical tailwinds buoying secondaries will persist for ‘next several years’ – Carlyle’s Schwartz
Carlyle increasingly views AlpInvest as more of corporate finance business than a standalone secondaries unit, chief executive Harvey Schwartz said on the firm's Q2 2026 earnings call.
Read summary →
Secondaries Investor · Secondaries · 2026-08-05
DraftKings seed investor is raising a VC secondaries fund
VC investor Ryan Moore has closed on $78.5m for Revenant Ventures' debut fund, a regulatory filing shows.
Read summary →
Pionline · Real Assets · 2026-08-05
Boston Retirement seeks private equity managers for $85 million in total commitments
The $8.9 billion pension system is specifically looking for strategies focused on infrastructure and energy or diverse manager fund of funds, according to a search notice.
Read summary →
Pionline · General · 2026-08-05
GE Pension Trust invests $100 million in seed capital in asset-backed credit interval fund
General Electric Pension Trust committed $100 million as a seed investor in an asset-backed credit interval fund.
Read summary →
Vcj · Secondaries · 2026-08-05
DraftKings seed investor is raising a VC secondaries fund
Ryan Moore has closed on $78.5m for Revenant Ventures' debut fund, a regulatory filing shows.
Read summary →
Wamda · General · 2026-08-05
Moove hits $2.1 billion valuation with $250 million Series C
UAE-headquartered mobility startup Moove has raised $250 million in a Series C round at a $2.1 billion valuation, led by Mubadala Investment Company and co-led by Woven Capital (Toyota's growth fu
Read summary →
Buyouts · Private Equity · 2026-08-04
TPG nabs lion’s share of $17bn target for TPG X, third healthcare fund
The two funds, launched in mid-2025, according to PEI Group data, are part of TPG’s $94bn Capital platform for large-scale global private equity investing.
Read summary →
Buyouts · Private Equity · 2026-08-04
OMERS to boost PE fund allocations to $10bn-plus with Buzanis hire
A more than fivefold growth in resources will put OMERS in the unique near-term position of having plentiful capital for fund commitments at a time when many LPs are struggling with liquidity issues.
Read summary →
Secondaries Investor · Secondaries · 2026-08-04
LGT Capital Partners launches debut credit secondaries strategy
The Switzerland-headquartered manager will seek to invest in LP-led, GP-led and opportunistic deals with an emphasis on senior lending, Secondaries Investor understands.
Public-equity signal (13F/DART holdings proxy — reported separately, not added above)
12,119
$1.8T
Headline totals reflect private-market flows only. The public-equity signal is a 13F/DART holdings proxy (position values, not new flows) and is never summed into private-market figures.
passive infrastructure / climate transition listed infrastructure (FTSE Global Core Infrastructure ex China TPI Climate Transition Index)
$3.0B
passive infrastructure / climate transition
$3.0B
private markets
$2.9B
Capital by Year
Year
Total
Cross-border
Share
2026
$2.2T
$125.2B
6%
2025
$586.3B
$168.6B
29%
2024
$405.7B
$187.8B
46%
2023
$166.6B
$47.9B
29%
2022
$190.7B
$115.6B
61%
2021
$197.3B
$61.3B
31%
2020
$54.6B
$21.6B
40%
2019
$4.8B
$457M
10%
2018
$2.2B
$617M
29%
2017
$1.8B
$450M
25%
2016
$2.1B
$947M
46%
2015
$1.3B
$229M
18%
2014
$1.3B
$219M
17%
2013
$2.8B
$525M
19%
2012
$580M
$160M
28%
2011
$575M
$117M
20%
2010
$640M
$167M
26%
2009
$618M
$230M
37%
2008
$4.0B
$140M
4%
2007
$4.2B
$950M
23%
2006
$1.1B
$196M
19%
Coverage — What We Track i
45 private-commitment LPs + 79 institutional allocators (13F holdings) across 20 countries — plus 5,758 GP/managers and 4,973 funds, all from public filings.
Sources SEC 13F · US public pension · SEC Form D · Korea DART (5% rule) · Ifc · Super-fund holdings (Australia) · Bii · Ebrd · Proparco · Dfc · Sifem · Deg · Norfund · Gnews Pe Close · Taiwan BLF · Nz Super
THE SOVEREIGN WIRE · global private capital, compiled from public filings & disclosures only.
For informational purposes based on publicly available information; not investment advice.