Lone Star Funds has closed its latest flagship real estate vehicle on $2.7bn - a significant drop compared to its $4.6bn predecessor fund in the strategy.
The $519bn-managing California Public Employees’ Retirement System has picked General Catalyst and Goldman Sachs AM among billions of dollars of new alternative fund commitments.
B2B-focused early-stage investor Fika Ventures has closed its fourth fund on $160m, bringing its total assets under management to more than half a billion dollars.
Next Frontier Capital, a venture capital house focused on startups in the Rocky Mountain region of the US, has raised $102m for the final close of its fourth fund.
Cinven has agreed to buy a 50% stake in home and motor insurance provider Policy Expert from the Abu Dhabi Investment Authority. Policy Expert currently serves more than 1.5 million UK customers.
Global alternatives manager ICG has raised $17bn for the fifth vintage of its senior debt strategy, obliterating its initial target of between $11bn and $12bn.