Ares Management has closed its fifth Japan logistics development fund at a JPY612bn ($4bn) hard cap, increasing the strategy by nearly 50% from its predecessor just over a year after acquiring the platform through GCP International.
Carrick Capital Partners has closed a $600m single-asset continuation vehicle for Saviynt, offering existing LPs an 11x gross return on their original investment while committing another $255m to the identity security business – the largest investment in Carrick's history.
LeapFrog Investments has hired former Helios Investment Partners global investor relations head Virginia Doble as partner and global head of Investor Solutions, putting her in charge of fundraising, co-investment and capital mobilisation.
GenNx360 Capital Partners has nearly doubled the size of its flagship private equity fund with an $865m Fund IV close, substantially beating its original target after returning more than $1.3bn to investors over the past 12 months.
StepStone Group has raised $1.7bn across its first dedicated infrastructure secondaries fund and related separate accounts, extending a strategy that has until now been pursued through the manager's wider infrastructure platform rather than a standalone closed-end vehicle.
Permanent Capital Ventures has raised a $200m second fund targeting Series A applied AI investments, rapidly scaling a venture platform that only began investing in early 2024.
Einride founders Robert Falck and Linnéa Kornehed Falck have launched Navisalma, a new European venture platform designed to combine venture investing with private equity-style operational value creation.
MassMutual Ventures has launched a $150m second climate technology fund, maintaining the expanded scale of its first vehicle while sharpening its investment strategy around AI and technology targeting energy infrastructure, real estate and other real assets.
Capital F, a venture capital firm targeting tech businesses serving markets where women drive purchasing and product demand, has closed its debut fund on $17.