Fundraising momentum continues for the energy-focused investment firm's sophomore vehicle.
Having already exceeded its previously stated offering amount, the fund is approximately 68% larger than its predecessor.
Blackstone Strategic Partners X has secured approximately 73% of its $22 billion target.
A&M Capital established its dedicated mid-market secondaries strategy last year to target CVs and opportunistic LP stakes across North America and Western Europe.
The firm's fourth program closed at $472 million and will target lower-middle- and middle-market opportunities through secondaries, co-investments, and direct investments.
The €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
Its predecessor raised over $300 million in capital commitments, closing at twice its target earlier this year.
The energy-focused secondaries firm closed its oversubscribed debut vehicle in November 2025, securing $430 million in capital commitments.
"Since launching our first energy secondaries fund in 2023, we have raised nearly $350 million and deployed over $250 million," said CEO Brian Casey.
The newly launched firm provides liquidity solutions for energy and infrastructure sponsors and management teams.
