FundWatch Briefing - Jan. 9th, 2026

Andreessen Horowitz raised over $15 billion across five funds in the largest VC fundraise in Silicon Valley history. The Menlo Park-based firm now manages over $90 billion in AUM, with the new capital split across Growth ($6.75B), Apps ($1.7B), Infrastructure ($1.7B), American Dynamism ($1.18B), and Bio + Health ($700M). TechCrunch has more here.

Monroe Capital Private Credit Fund V reached a $6.1 billion final close, with $2.8 billion in LP commitments from over 90 global institutions across 18 countries. The Chicago-based direct lender targets senior secured financing to lower middle-market U.S. companies. Business Wire has more here.

Banner Ridge Secondary Fund VI hit its $4.2 billion hard cap in an oversubscribed raise. The New York-based secondaries specialist attracted pension funds, insurance companies, endowments, and family offices for its sixth flagship fund. PR Newswire has more here.

Andreessen Horowitz closed over $15 billion across five funds — Menlo Park-based a16z completed its largest-ever fundraise, representing over 18% of all US venture capital raised in 2025. The Growth fund ($6.75B) leads the portfolio, with dedicated vehicles for Apps, Infrastructure, American Dynamism, and Bio + Health. TechCrunch has more here.

AppWorks Fund IV reached final close at $165 million — Taipei-based AppWorks, backed by sovereign funds from Taiwan, Malaysia, and Korea, completed its fourth flagship fund focused on AI and Web3 investments across the region. TechNode Global has more here.

Warburg Pincus Financial Sector III closed at $3 billion — New York-based Warburg Pincus exceeded its $2.5 billion target for its largest-ever financial services fund. The fund targets banks, insurance, asset management, specialty finance, payments, and fintech globally. PR Newswire has more here.

BV Investment Partners Fund XII hit its hard cap at $2.465 billion — Boston-based BV Investment Partners, focused on tech-enabled business services, exceeded its $2 billion initial target with strong re-up rates from existing LPs. Yahoo Finance has more here.

Monroe Capital Private Credit Fund V reached final close at $6.1 billion — Chicago-based Monroe Capital completed fundraising with $2.8 billion in LP commitments complemented by $1.5 billion in targeted leverage and $1.8 billion from SMAs. The fund has already committed over $3.2 billion to more than 130 borrowers. Business Wire has more here.

Harvey Capital Partners raised $1.8 billion in a standout hedge fund debut — New York-based Harvey Capital, founded by former King Street partner Paul Goldschmid, launched its credit-focused strategy without giving up equity to a seed investor, placing all capital in a single commingled vehicle. Bloomberg has more here.

Creation Investments Impact Credit Fund II reached final close at $46 million — Chicago-based Creation Investments nearly doubled its predecessor fund, targeting senior secured loans to investment-grade institutions serving underserved populations in emerging markets, with a focus on India. PR Newswire has more here.

Banner Ridge Secondary Fund VI hit hard cap at $4.2 billion — New York-based Banner Ridge Partners, managing $15.4 billion across strategies, completed its oversubscribed sixth secondary fund with commitments from pension funds, insurers, endowments, and family offices. PR Newswire has more here.

US venture capital fundraising dropped 35% in 2025 to $66 billion, but elite firms like Andreessen Horowitz are bucking the trend — a16z's $15 billion haul alone represents 18% of total VC fundraising last year. Private credit continues its expansion with Monroe Capital's $6.1 billion raise highlighting strong LP appetite for direct lending strategies.