Canada

CapitalG and Emergence Capital co-led a Series C for a developer of autonomous construction equipment at a multibillion-dollar valuation, while Cantilever Group took a minority stake in a private credit manager that lends to lower-middle-market companies. GID teamed with StepStone ...

Canada offers pension funds priority returns in a C$700 million fund-of-funds program, part of a C$1.75 billion push to deepen domestic venture capital.

Walter GAM Partner Charles Lemay on how the firms its targeting emerging alternative asset managers for GP stakes investments, building on a 25.3% net IRR and expanding its global portfolio.

IIFL Capital reached a first close on its debut PE fund, which backs Indian companies headed for an IPO, while KKR agreed to buy two industrial safet businesses and Fengate lined up nine-figure financing for a fiber network’s expansion. Meanwhile, ...

CPP Investments and OMERS agreed to sell their combined 63.9% stake in Associated British Ports to an IFM Investors-managed fund, with closing expected in 2027.

PSP Investments and Nuveen Real Estate formed a joint venture that has acquired $790 million of grocery-anchored US shopping centers, adding to PSP’s retail push.

Sagard is expanding its $5.9 billion private credit platform into the U.S. wealth market, building on Baird’s $34 million investment and distribution partnership.

KKR agreed to sell railcar lessor Infinity Transportation to Ares infrastructure and insurance funds for $2.9 billion after a 150% book value gain.

Happy Friday! The week comes to a close with private capital flowing into small-business lending, software, textile recycling and Canadian commercial real estate.

MEP Capital is expanding its entertainment finance business through media rights lending, content acquisitions and investments in digital distribution.