The British Business Bank has committed £10m to Fuel Ventures to boost the venture capital firm's capacity to make new early-stage investments and provide follow-on funding to its existing portfolio companies.
StepStone Group has partnered with Dubai-based ASB Capital to launch an open-ended Sharia-compliant private credit fund targeting senior secured lending to US middle-market businesses.
Technology-focused private equity newcomer Niobrara Capital Partners has beaten its target by about 50% to raise more than $1.1bn for its debut buyout fund, less than two-and-a-half years after launching the firm.
Warburg Pincus has made an investment in Ares and LightBay Capital-backed Awayday through its $4bn-plus Capital Solutions Founders Fund, providing liquidity to the vacation-rental manager's existing investors while leaving Ares and LightBay as controlling shareholders.
Dutch pension giant ABP has committed €250m to the EQT-managed Scaleup Europe Fund as it prepares to deploy about €1bn into European venture capital over the next three years.
LAUNCHub Ventures has reached a €65m first close for its third fund, putting the Central and Southeast European early-stage investor most of the way towards a €75m-plus target.
Headline has raised $400m for its eighth European early-stage fund as the Mistral and Black Forest Labs backer looks to increase its exposure to the continent's rapidly expanding AI sector.
SoftBank Group has completed its $3.1bn acquisition of DigitalBridge, taking the digital infrastructure specialist private and making it a controlled subsidiary of the Japanese investment group.
Abry Partners has hired Advent International managing director Yusef Kassim to lead its capital strategy and investor relations, seven years after the $16bn alternative investment manager last publicly announced the close of a flagship buyout fund.
Investcorp has beaten its $1.1bn target to raise $1.22bn for its second North American private equity fund, targeting growing middle-market services businesses.