Apollo has completed its acquisition of Nippon Sheet Glass in a transaction carrying an enterprise value of almost $3.7bn, completing what the alternatives giant says is its largest private equity investment in Japan to date.
Energy Revolution Ventures is targeting a near-threefold increase in fund size with a $50m second vehicle focused on early-stage energy transition technology.
CAZ Investments’ private markets interval fund has grown beyond $900m of assets after adding more than $110m in roughly three months, as alternative managers continue to expand their reach into the private wealth market.
Rising Point Capital Management has raised $325m for its first institutional private equity fund after moving from an independent sponsor model to committed capital.
Franchise investment specialist Princeton Equity Group has more than doubled the size of its flagship private equity fund after raising $1.3bn for Fund III in just two months.
AAR has agreed to acquire a 65% controlling interest in Bain Capital-backed MRO Holdings at a $4bn implied enterprise value, paying about $1.8bn of equity value for the initial stake and repaying roughly $1.3bn of MRO’s existing borrowings.
Almost two-thirds of institutional investors expect to increase their exposure to infrastructure equity and private equity over the next three to five years, according to a global survey of 700 investors by IFM Investors.
New York City comptroller Mark Levine is seeking to put another $5bn of the city’s pension capital into private-market climate strategies spanning power generation, grid modernisation, energy storage and resilient infrastructure.
Blackstone global private equity head Joseph Baratta is preparing to leave the alternatives giant by the end of the year after almost three decades at the firm, according to reports from the Wall Street Journal and Financial Times.
Sofinnova Partners has increased the size of its specialist medtech company-creation strategy by 30% after closing its fourth MD Start fund on an oversubscribed €82m.