Intrepid Growth Partners has closed its inaugural fund at $525m, establishing a specialist growth investor focused on AI companies with the ambition to reshape established industries.
Volition Capital has closed its sixth growth equity fund at a $950m hard cap, increasing the size of its flagship pool by about 41% from the $675m raised for Fund V.
CVC has set an initial €26bn target for its tenth Europe/Americas flagship fund, putting it on course for another of the world's largest private equity raises when formal fundraising begins in January.
Mubadala has agreed a significant minority investment in Chinese coffee chain Luckin Coffee alongside existing controlling shareholder Centurium Capital in a transaction with an aggregate value of approximately $1bn.
Connecticut Retirement Plans and Trust Funds has approved $750m of new private-market commitments, splitting the capital between Fortress Investment Group's latest lending strategy and an IFM infrastructure vehicle.
Apogem Capital has reached the hard cap for its eleventh lower-middle-market private equity vehicle, collecting $597m including commitments from the manager's own employees.
Pinegrove Venture Partners has closed its 12th Strategic Investors Fund on $1.5bn, securing an oversubscribed raise for its venture fund-of-funds and co-investment strategy despite a difficult environment for VC fundraising.
Healthcare specialist ARCHIMED has more than doubled the size of its small-cap flagship strategy after closing MED IV at its €1.5bn hard cap, following demand for roughly three times the available capacity.
EIG has nearly doubled the size of its senior infrastructure debt fund series with a $1.9bn final close for its sixth vehicle, taking total capital raised across the strategy's latest fundraising to $4bn.
CEECAT Capital has reached a €135m first close for its third Emerging Europe-focused private equity fund after securing €80m of combined commitments from the European Investment Fund and European Bank for Reconstruction and Development.