The Dallas investment firm also closed on $527 million for its second royalty and mineral-rights fund.
Private-equity firms are rushing to adapt to an economy in which their longtime cash cow—big leveraged buyouts—has grown a little tired.
The technology investor, which manages $75 billion in assets, has previously raised funds to support earlier portfolio company investments.
Hallow, the company behind a faith-based app of the same name, has received a $50 million growth investment led by Goodwater Capital to help the business expand internationally.
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Many in the private credit world predict this investment landscape will pave the way for a golden age of private debt. But as managers look to the future, they will also have to keep some of their focus on investments made in the past.