Sergei Balashov

Apollo Global Management has been quietly looking into buying television network business, Tegna Inc, after sending letters of interest earlier in the year.

The multibillion-dollar investment firm of late Microsoft co-founder Paul Allen is targeting $100m of venture capital investment in Southeast Asia after launching its first international office in Singapore.

Metropolitan Partners is nearing the halfway mark for its sixth direct lending fundraise after registering just over $152m of capital commitments.

Novalis LifeSciences has raised $85m of capital commitments for its maiden venture capital fund.

Texas County & District Retirement System has set aside $600m for a number of alternative asset funds in its latest commitments.

Private equity majors Bain Capital and American Industrial Partners are reportedly among bidders for the cabinetry business of Masco Corp, which could see the unit sold for about $1.2bn.

Blackstone Group has reportedly added former Navab Capital partner Ram Jagannath to its growth unit.

Ares Management has announced the €1.8bn final close for its oversubscribed fifth European real estate fund, representing its largest real estate private equity fundraise to date.

Private equity majors Bain Capital and Carlyle Group are reportedly mulling over a higher buyout offer for German lighting business Osram, after their previous €3.4bn takeover bid was snubbed by its biggest shareholder.

Private equity fundraising in Central and Eastern Europe hit its highest annual level in a decade last year as domestic and non-European investors - especially those from China - boosted capital raising in the region.