HIG Capital has hired Blackstone senior managing director Younghee Choi as head of Asia, extending a rapid buildout of its capital formation operation as the $75bn alternatives manager looks to expand its Asian LP base.
Polish private equity house Avallon MBO has held a €171.5m first close for its fourth flagship fund, already surpassing the total raised by its predecessor as its targets a potential €260m final close.
Epiris has agreed a cash acquisition of Unified Communications as a Service specialist Gamma Communications which gives the FTSE 250 business a roughly £1.08bn enterprise value.
Andreessen Horowitz has added $1.75bn of fresh capital to its fifth growth fund, increasing the vehicle to $8.5bn less than eight months after closing the vehicle.
Special situations investor Ocean Avenue Capital Partners is back in the fundraising market eyeing up to $750m for its latest investment vehicle, which will target co-investments alongside independent sponsors.
Charlesbank Capital Partners has named Brandon White and Sandor Hau as co-managing partners in a significant leadership transition at the $22bn-plus middle-market investor, with long-time CEO Michael Choe stepping back after 12 years at the helm.
India's sovereign-anchored National Investment and Infrastructure Fund has reached a INR190bn ($2bn) first close for its second flagship infrastructure fund, already securing capital equivalent to roughly 85% of the final size of its predecessor.
Ares Management has closed its fifth Japan logistics development fund at a JPY612bn ($4bn) hard cap, increasing the strategy by nearly 50% from its predecessor just over a year after acquiring the platform through GCP International.