The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Partners Capital
Partners Capital, overseeing more than $70 billion of assets under management, has made the final close of Merlin IV, a private equity co-investment fund, with more than $1 billion in commitments.

The fund includes commitments from global family offices and institutional investors across North America, Europe, Asia, and Africa, it said in a statement. 

The Merlin co-investment platform, first launched in 2019, invests alongside high-conviction private equity managers. The latest fund is the fourth raised within the platform and the largest so far.

Epochal Corporation
Epochal Corporation, which is incorporated in the British Virgin Islands, has launched a new $100 million private investment fund to support asset-backed, infrastructure-style businesses.

With investment of $1 million or higher on offer, the fund is looking to back businesses that already have tangible assets, pricing power, operating leverage and sustained cash flow potential, it said in a statement last week. 

Epochal is founded by entrepreneur and investor Neel Khohani. It operates as a proprietary investment and family office–style platform for qualified investors; it does not conduct regulated retail fund management or public solicitation activities.

“This new investment fund is designed to compound capital through ownership of durable assets. It is deliberately selective in both investments and investors,” Khohani said in a statement. “This is not about raising capital broadly. It is about building a controlled, institutional capital vehicle with long-term intent.”