SWEN Capital Partners has closed its first Article 9 fund in its long-running Europa private equity programme on €236m, with 80% of the vehicle already committed to investments.
Harrison Street Asset Management has agreed to acquire a majority stake in Antin Infrastructure Partners-backed Vicinity Energy in a transaction valuing the US district energy business at $2.92bn.
Private equity valuation multiples for SaaS businesses have fallen sharply as sponsors contend with AI disruption risk, higher financing costs and a market increasingly focused on profitability rather than growth.
Pantheon has hired Sagard’s former MENA head Firas Mallah to lead its Middle East business as the $84bn private markets investor opens its first office in Abu Dhabi.
Stride Consumer Partners has increased its fund size by 30% after closing its second growth equity vehicle at a $550m hard cap following a roughly four-month fundraising process.
Audax Private Debt has increased the equity capital raised for its flagship direct lending strategy by 80% after closing its third fund at a $5.4bn hard cap.
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.