The number of private equity funds holding a successful close has been slashed by two thirds since the high-watermark of 2022 - but capital raised remains strong, as LPs scramble to commit to fewer, larger vehicles with established track records.
Energy company National Grid's corporate venture capital arm has revealed a commitment to invest $100m in AI startups which it believes are advancing the future of energy.
Multi-strategy private equity house Banner Ridge Partners is reportedly back in the market for its sixth flagship secondaries fund, with eyes on $3.2bn.
Indian private equity major ChrysCapital has reportedly hauled in $2.1bn for its latest flagship private equity fund - the biggest raise yet by a firm from the country.
Early stage investment giant Bessemer Venture Partners has raised $350m for its second India-focused investment fund, saying the country's startup ecosystem "presents a once-in-a-generation opportunity"
Bain Capital, Hg and TA Associates are reportedly preparing non-binding offers for Italian software developer Namirial, which could be valued at €900m.