PE firm Apis Partners has hit a $550m hard cap for the final close of its second investment fund focused on financial services companies in growth markets globally.
Long-established PE house Thomas H Lee Partners has agreed to sell off its $17bn-managing alternative credit business, THL Credit, to First Eagle Investment Management.
The already gargantuan levels of private equity and venture capital dry powder are set to rise even further next year, top-level execs at UK buyout and VC houses believe.