Funds Closed

Arctos Sports Partners has raised more than $3bn for its debut fund and co-investments targeting stakes in sports franchises.

Tech-focused venture capital firm Inovia Capital has collected $334m for its first continuity fund from fellow buyout houses BlackRock, HarbourVest Partners, Northleaf Capital Partners, Hollyport Capital and Kensington Capital Partners.

Private equity major HIG Capital has paid almost $20m to settle a lawsuit claiming its mental health company portfolio business South Bay fraudulently billed Medicaid for services provided by unlicensed, unqualified, and improperly supervised staff.

Tech investor DFJ Growth has closed DFJ Growth IV with close to $1bn of investments.

US pension giant LACERA is the latest big instutional investor to commit to Clearlake Capital's hefty new fundraise, which is reportedly targeting $10bn.

Tenex Capital has sealed an impressive $1.2bn fund close for its third flagship vehicle, about 50% more than it collected for its sophomore raise in 2016.

Thomson Reuters has created a $100m corporate venture capital fund to support and accelerate innovation for the "future of professionals".

Emerging markets investor Actis has sealed a stunning fundraise for its latest energy-focused vehicle by hitting $6bn of investable capital.

Francisco Partners has followed yesterday's $2.2bn credit fund close with a growth investment in Paradigm, a provider of practice management software and integrated payments to the legal industry.

Rothschild & Co. has held a €1.4bn final closing for its third European direct lending fund. The raise means the firm has hauled in more than €2bn of new capital in four months, including closing two private equity funds in June.